Given the following gasoline consumption data. Quarter Year 1 Year 2 Year 3
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 |
(a) Estimate a multiple regression with trend and seasonal dummy variables. (10 points)
(b) 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
Answer: The solution file consists of 2 pages
Deliverables: Word Document
Deliverables: Word Document
