In: Accounting
The table shows data on asthma-related visits. Is there evidence that these visits vary by quarter? Can you detect a trend? A powerful test would be to run a multiple regression in Excel. If the function is already loaded, you will find it in Data> Data Analysis> regression. If not get help in adding the Analysis Tool Pak. To test for quarterly differences, create a variable called Q1 that equals 1 if the data are for the first quarter and 0 otherwise, a variable called Q2 that equals 1 if the date are for the second quarter and 0 otherwise and a variable called Q4 that equals 1 if the date are for the forth quarter and 0 other wise. ( Because you will accept the default, which is to have a constant term in your regression equation, do not include an indicator variable for quarter 3). Also create a variable called Trend that increases by 1 each quarter.
Year |
Q1 |
Q2 |
Q3 |
Q4 |
2001 |
1,513 |
1,060 |
||
2002 |
1,431 |
1,123 |
994 |
679 |
2003 |
1,485 |
886 |
1,256 |
975 |
2004 |
1,256 |
1,156 |
1,163 |
1,062 |
2005 |
1,200 |
1,072 |
1,563 |
531 |
2006 |
1,022 |
1,169 |