Question
In: Economics
Vehicle Sales: Consider the data below ( in thousands of units): year Quarter 1 Quarter 2...
Vehicle Sales: Consider the data below ( in thousands of units):
year Quarter 1 Quarter 2 Quarter 3 Quarter 4
2016: 4072 4521 4452 4418
2017: 4010 4392 4399 4334
2018: 4092 4484 4277 4360
Obtain the seasonal factors and enter them into the appropriate yellow cells below:
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Seasonal Factor
Using the columns Year and Total (Annual Sales) below, obtain the regression equation from the Excel's Scatter Diagram
Year Quarter 1 Quarter 2 Quarter 3 Quarter 4
2016: 4072 4521 4452 4418
2017: 4010 4392 4399 4334
2018: 4092 4484 4277 4360
(enter equation and paste graph in appropriate yellow areas below) Enter equation --->
Paste Scatter Diagram --------------------------------------------------------------------------------------------------------------->
Using the regression equation, what is your forecast for year 2018? (enter answer in yellow cell below)
Enter Forecast for Year 2019 -->
Using the seasonal factors obtained and your forecast for Year 2019, forecast Quarters 1 to 4 of Year 2019 (enter values in appropriate yellow cells below)
Year Quarter 1 Quarter 2 Quarter 3 Quarter 4
2016: 4072 4521 4452 4418
2017: 4010 4392 4399 4334
2018: 4092 4484 4277 4360
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Forecast for 2019
Solutions
Rahul Sunny answered 1 year agoRelated Solutions
Data Year 2 Quarter Year 3 Quarter 1 2 3 4 1 2 Budgeted unit sales...
Data
Year 2 Quarter
Year 3 Quarter
1
2
3
4
1
2
Budgeted unit sales
50,000
65,000
115,000
70,000
80,000
90,000
Selling price per unit
$7
per unit
1
Chapter 7: Applying Excel
2
3
Data
Year 2 Quarter
Year 3 Quarter
4
1
2
3
4
1
2
5
Budgeted unit sales
50,000
65,000
115,000
70,000
80,000
90,000
6
7
� Selling price per unit
$8
per unit
8
� Accounts receivable, beginning balance...
Consider the following time series data. Quarter Year 1 Year 2 Year 3 1 2 4...
Consider the following time series data.
Quarter
Year 1
Year 2
Year 3
1
2
4
5
2
4
5
8
3
1
3
4
4
7
9
10
(a)
Choose the correct time series plot.
(i)
(ii)
(iii)
(iv)
- Select your answer -Plot (i)Plot (ii)Plot (iii)Plot (iv)Item
1
What type of pattern exists in the data?
- Select your answer -Positive trend pattern, no
seasonalityHorizontal pattern, no seasonalityNegative trend
pattern, no seasonalityPositive trend pattern, with
seasonalityHorizontal pattern, with...
Consider the following time series data. Quarter Year 1 Year 2 Year 3 1 2 5...
Consider the following time series data.
Quarter
Year 1
Year 2
Year 3
1
2
5
7
2
0
2
6
3
5
8
10
4
5
8
10
b)
Use a multiple regression model with dummy variables as follows
to develop an equation to account for seasonal effects in the data.
Qtr1 = 1 if Quarter 1, 0 otherwise; Qtr2 = 1 if Quarter 2, 0
otherwise; Qtr3 = 1 if Quarter 3, 0 otherwise.
If required, round your...
Consider the following time series data. Quarter Year 1 Year 2 Year 3 1 2 5...
Consider the following time series data.
Quarter
Year 1
Year 2
Year 3
1
2
5
7
2
0
2
6
3
5
8
10
4
5
8
10
(b)
Use a multiple regression model with dummy variables as follows
to develop an equation to account for seasonal effects in the data.
Qtr1 = 1 if Quarter 1, 0 otherwise; Qtr2 = 1 if Quarter 2, 0
otherwise; Qtr3 = 1 if Quarter 3, 0 otherwise.
If required, round your...
Consider the following time series data. Quarter Year 1 Year 2 Year 3 1 2 3...
Consider the following time series data.
Quarter
Year 1
Year 2
Year 3
1
2
3
4
4
2
3
5
6
3
5
7
7
6
6
8
Graph this data series (use the X-Y scatter/chart tool in Excel
for this plot). What type of pattern(s) exists in the data? Does
the graph suggest that these data exhibit seasonality? What is the
length of the season in this particular case?
Determine the seasonal factors for each quarter using
METHOD...
Aztec, Inc. had sales as follows during 2017: Quarter 1 7,000 units Quarter 2 8,000 units...
Aztec, Inc. had sales as follows during 2017:
Quarter 1
7,000 units
Quarter 2
8,000 units
Quarter 3
9,000 units
Quarter 4
8,000 units
Aztec expects sales in each quarter of 2018 to be 10% more than
the respective quarters for 2017. If each unit sells for $100, what
amounts will appear as sales revenue in the quarterly sales budgets
for 2018?
$770,000; $880,000; $990,000; $880,000
$630,000; $720,000; $810,000; $720,000
Data Table Two below Data Table Two Year Quarter Number of Visitors(in thousands) 2005 Winter 117...
Data Table Two below
Data Table Two
Year
Quarter
Number of
Visitors(in thousands)
2005
Winter
117
Spring
80.7
Summer
129.6
Fall
76.1
2006
Winter
118.6
Spring
82.5
Summer
121.4
Fall
77
2007
Winter
114
Spring
84.3
Summer
119.9
Fall
75
2008
Winter
120.7
Spring
79.6
Summer
130.7
Fall
69.6
2009
Winter
125.2
Spring
80.2
Summer
127.6
Fall
72
Please post the answer with the work performed in excel and not
just the answer, need to show work as I don't...
Consider the following time series data. Quarter Year 1 Year 2 Year 3 1 5 8...
Consider the following time series data.
Quarter
Year 1
Year 2
Year 3
1
5
8
10
2
2
4
8
3
1
4
6
4
3
6
8
A.) Use a multiple regression model with dummy variables as
follows to develop an equation to account for seasonal effects in
the data. Qtr1 = 1 if Quarter 1, 0 otherwise; Qtr2 = 1 if Quarter
2, 0 otherwise; Qtr3 = 1 if Quarter 3, 0 otherwise. If required,
round your...
Consider the following time series data. Quarter Year 1 Year 2 Year 3 1 4 6...
Consider the following time series data.
Quarter
Year 1
Year 2
Year 3
1
4
6
7
2
0
1
4
3
3
5
6
4
5
7
8
(b)
Use a multiple regression model with dummy variables as follows
to develop an equation to account for seasonal effects in the data.
Qtr1 = 1 if Quarter 1, 0 otherwise; Qtr2 = 1 if Quarter 2, 0
otherwise; Qtr3 = 1 if Quarter 3, 0 otherwise.
If required, round your...
Consider the following time series data. Quarter Year 1 Year 2 Year 3 1 3 6...
Consider the following time series data.
Quarter
Year 1
Year 2
Year 3
1
3
6
7
2
4
1
8
3
1
7
5
4
5
7
8
a. Which of the following is a time series
plot?
- Select your answer -time series plot #1time series plot #2time
series plot #3Item 1
What type of pattern exists in the data?
- Select your answer -upward linear trendnonlinear trend and a
seasonal patternlinear trend and a seasonal patternslight
curvaturedownward...
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