Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Yajvin built the following regression equation for forecasting Sales of Vins Dairy. Sales = 125 + 21 Q1 + 45 Q2 - 76 Q3 +

image text in transcribed
Yajvin built the following regression equation for forecasting Sales of Vins Dairy. Sales = 125 + 21 Q1 + 45 Q2 - 76 Q3 + 12 T + 201 D Where Sales is the sales in Rs. Million, Q1, Q2 and Q3 are dummy variables representing Quarters 1, 2 and 3 respectively, T is the time trend with 1 representing the first year, 2 representing the second year and so on. The dairy has switched to organic in Year 8 and D is the dummy variable representing this organic initiative (coded as "0" for years 1 to 7, and "1" for all years after 7) Write the final regression equation for Quarter 4. Max score: 1 O A. Sales = 125 + 45 Q2 - 76 Q3 - 12 T + 201 D O B. Sales = 326 + 12 T O C. Sales = 125 + 12 T + 201 D O D. None of these

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Algebra advanced algebra with financial applications

Authors: Robert K. Gerver

1st edition

978-1285444857, 128544485X, 978-0357229101, 035722910X, 978-0538449670

More Books

Students also viewed these Mathematics questions