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Using the TGT Quarterly Sales (Target Corp.) data: a. Fit a regression model with a time trend and seasonal dummy variables to the sales data.
Using the TGT Quarterly Sales (Target Corp.) data:
a. Fit a regression model with a time trend and seasonal dummy variables to the sales data.
b. Is the time trend coefficient statistically significant? How can you tell?
c. Are the seasonal dummy variables statistically significant? How can you tell?
I need an answer to C. Not sure how Dummy variables are significant
Date | Sales |
Sep-11 | 16,402 |
Dec-11 | 21,288 |
Mar-12 | 16,867 |
Jun-12 | 16,779 |
Sep-12 | 16,929 |
Dec-12 | 22,726 |
Mar-13 | 16,706 |
Jun-13 | 17,117 |
Sep-13 | 17,258 |
Dec-13 | 21,515 |
Mar-14 | 17,050 |
Jun-14 | 17,406 |
Sep-14 | 17,732 |
Dec-14 | 21,751 |
Mar-15 | 17,119 |
Jun-15 | 17,427 |
Sep-15 | 17,613 |
Dec-15 | 21,626 |
Mar-16 | 16,196 |
Jun-16 | 16,169 |
Sep-16 | 16,441 |
Dec-16 | 20,690 |
Mar-17 | 16,017 |
Jun-17 | 16,429 |
Sep-17 | 16,667 |
Dec-17 | 22,766 |
Mar-18 | 16,781 |
Jun-18 | 17,776 |
Sep-18 | 17,821 |
Dec-18 | 22,977 |
Mar-19 | 17,627 |
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