TABLE 16-13
A local store developed a multiplicative time-series model to forecast its revenues in future quarters, using quarterly data on its revenues during the 4-year period from 2005 to 2009. The following is the resulting regression equation:

-Referring to Table 16-13, using the regression equation, what is the forecast for the revenues in the third quarter of 2010?

Question

TABLE 16-13
A local store developed a multiplicative time-series model to forecast its revenues in future quarters, using quarterly data on its revenues during the 4-year period from 2005 to 2009. The following is the resulting regression equation:

-Referring to Table 16-13, using the regression equation, what is the forecast for the revenues in the third quarter of 2010?

Quizplus · Accepted Answer

The Answer of TABLE 16-13
A local store developed a multiplicative time-series model to forecast its revenues in future quarters, using quarterly data on its revenues during the 4-year period from 2005 to 2009. The following is the resulting regression equation:

-Referring to Table 16-13, using the regression equation, what is the forecast for the revenues in the third quarter of 2010?

TABLE 16-13 A Local Store Developed a Multiplicative Time-Series Model to Forecast