Question
Regression was used to model quarterly electricity costs ($) for a household. Estimated Electricity Cost = 155.01+ 9.71t + 55.12 Q1 4.88Q2 +12.43Q4 With t
Regression was used to model quarterly electricity costs ($) for a household.
Estimated Electricity Cost = 155.01+ 9.71t + 55.12 Q1 4.88Q2 +12.43Q4
With t is in quarters and the origin is att = 0 June 2020
Q1, Q2, Q4 are dummy variables for March, June and December, respectively.
Q3 is the dummy variable for the September quarter and is the benchmark for this model.
What is the value that measures the seasonal variation of electricity cost of this household for the March quarter?Please give your answer correctly rounded to two decimal places.
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Linear Algebra
Authors: Stephen H Friedberg, Arnold J Insel, Lawrence E Spence
4th Edition
0321998898, 9780321998897
