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South Shore Construction butids permanent docks and seawalls along the southern shore of Long Island, New York. Although the firm has been in business only

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South Shore Construction butids permanent docks and seawalls along the southern shore of Long Island, New York. Although the firm has been in business only five years, revenue has increased from $308,000 in the first year of operation to $1,084,000 in the most recent year, The following data show the quarterly sales revenue in thousands of dollars. Click on the datafile logo to reference the data. DATA (a) Choose the correct time series plot. (b) Use a multiple regression model with dummy variables as follows to develop an equation to account for seasonal effects in the data: Qtr 1 = 1 if quarter 1 , 0 otherwise; Qtr2=1 if quarter 2, 0 otherwise; Qtr3=1 if quarter 3,0 otherwise. Revenue=Qtr1+Qtr2+Qtr3 (c) Based on the model you developed in part (b), compute estimates of quarterly sales for year 6. (d) Let Period = 1 refer to the observation in quarter 1 of year 1 ; Period =2 refer to the observation in quarter 2 of year 1 ; .... and Period =20 refer to the observation in quarter 4 of year 5 . Using the dummy variables defined in part (b) and the variable Period, develop an equation to account for seasonal effects and any linear trend in the time series. If required, round your answers to three decimal places. For subtractive or negative numbers use a minus. sign even if there is a +sign before the blank (Example: -300 ). Revenue=Qtr+Qtr

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