Statistics Solutions

(Steps Shown) Given the following gasoline consumption data. Quarter Year 1 Year 2 Year 3 1 150 156 175 2 140 148 156 3 185 201 208 4 160 175 185 Estimate

Question: Given the following gasoline consumption data.

Quarter Year 1 Year 2 Year 3
1 150 156 175
2 140 148 156
3 185 201 208
4 160 175 185
  1. Estimate a multiple regression with trend and seasonal dummy variables. (10 points)
  2. Predict gasoline consumption for every quarter in the fourth year. (5 points)

(Tips: First, the data table needs to be reformatted into "year," "quarter", "gasoline" three columns. Then create a trend variable and dummy variables for quarters)

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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