Question
need this solved with graphs and all. The following data show the quarterly sales of the 6x* tents for three years at a sporting goods
need this solved with graphs and all.
The following data show the quarterly sales of the 6x* tents for three years at a sporting goods store.
The store owner wants to forecastthe quarterly sales for the next year .
(a) Construct a time series plot. What type of pattern exists in the data?
(b)Use dummy variables and the Excel Regression tool to find a multiple regression model that accounts for seasonal effects in the data.
(c) Based on this model, estimate the quarterly sales for the fourth year.
Year
Quarter
Q1
Q2
Q3
Sales
1
1
1
0
0
71
1
2
0
1
0
49
1
3
0
0
1
58
1
4
0
0
0
78
2
1
1
0
0
68
2
2
0
1
0
41
2
3
0
0
1
60
2
4
0
0
0
81
3
1
1
0
0
62
3
2
0
1
0
51
3
3
0
0
1
53
3
4
0
0
0
72
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