Six years of quarterly data of a seasonally adjusted
Question # 00518342
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Updated on: 04/27/2017 03:07 AM Due on: 04/27/2017
Six years of quarterly data of a seasonally adjusted series are used to estimate a linear trend model ast =152.20 + 1.11t. In addition, quarterly seasonal indices are calculated as1 = 0.97,2 = 0.94,3 = 1.17, and4 = 1.09.
a-1.
Interpret the first quarterly index. In other words, what is the value of the series in the first quarter as compared to the average?
97% below
3% above
3% below
97% above
a-2.
Interpret the fourth quarterly index. In other words, what is the value of the series in the fourth quarter as compared to the average?
9% below
91% below
9% above
91% above
b.
Make a forecast for all four quarters of next year.(Round your answers to 2 decimal places.)
Quarter 1
Quarter 2
Quarter 3
Quarter 4
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Solution: Six years of quarterly data of a seasonally adjusted