(Solved) You want to predict sales of soft drinks produced by your company. After regressing quarterly sales vs. trend and seasonal dummies you obtained
Question: You want to predict sales of soft drinks produced by your company. After regressing quarterly sales vs. trend and seasonal dummies you obtained the following results.
- Interpret obtained results. in which quarter the mean sales are the highest?
- Make prediction for the next four quarters if the trend variable had values from 1 to 16 in the first 4 years (that is the quarters in the fifth year).
- What kind of problem can you expect if you add Winter dummy variable.
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Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document 