You decide to estimate the following quarterly sales forecasting model for new boat sales in your local county:
The equation is estimated using quarterly data on new boat sales in the county from 2001III -2007IV ( t = 1,..., 26). The variable D is a dummy variable for the second quarter, which is the "season" for selling new boats: D = 1 in the second quarter, and 0 otherwise. The results of the estimation are:

-The statistical estimates indicate a(n) ___________ (positive, negative) seasonal effect on 2^nd quarter sales of _________ units in the 2^nd quarter of each year.

Question

You decide to estimate the following quarterly sales forecasting model for new boat sales in your local county:

The equation is estimated using quarterly data on new boat sales in the county from 2001III -2007IV ( t = 1,..., 26). The variable D is a dummy variable for the second quarter, which is the "season" for selling new boats: D = 1 in the second quarter, and 0 otherwise. The results of the estimation are:

-The statistical estimates indicate a(n) ___________ (positive, negative) seasonal effect on 2^nd quarter sales of _________ units in the 2^nd quarter of each year.

Quizplus · Accepted Answer

The Answer of You decide to estimate the following quarterly sales forecasting model for new boat sales in your local county: The equation is estimated using quarterly data on new boat sales in the county from 2001III -2007IV ( t = 1,..., 26). The variable D is a dummy variable for the second quarter, which is the "season" for selling new boats: D = 1 in the second quarter, and 0 otherwise. The results of the estimation are: -The statistical estimates indicate a(n) ___________ (positive, negative) seasonal effect on 2^nd quarter sales of _________ units in the 2^nd quarter of each year.

You Decide to Estimate the Following Quarterly Sales Forecasting Model