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Part of the estimation results is provided below. R Square 0.956547 Adjusted R Square 0.954028 Observations 74 Coefficient Standard Error t Stat Intercept 8.326955 0.009577

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Part of the estimation results is provided below. R Square 0.956547 Adjusted R Square 0.954028 Observations 74 Coefficient Standard Error t Stat Intercept 8.326955 0.009577 869.5176 trend 0.006262 0.000166 37.67117 Q1 -0.04284 0.010046 -4.26467 Q2 -0.09331 0.010044 -9.29037 Q3 -0.01168 0.01018 -1. 14749 i) Interpret the coefficient attached to the time trend. [2 marks] ii) Based on the coefficients for seasonal dummies and relevant t-statistics, comment on the seasonal variations in room nights occupancies. [3 marks] iii) Based on the above results, forecast the room nights occupied for each quarter in 2017. [6 marks]

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