Regression with seasonal indicators A regional power company has generated the following regression
Question: Regression with seasonal indicators
A regional power company has generated the following regression model for forecasting the total amount of electrical power used by its customers (in megawatt-hours) each quarter:
where
,
, and
are indicator variables of the form
|
|
||
|
|
This model is developed using a data set that starts in Quarter
of
(i.e., the first time period
is associated with Quarter
of
). Use this model to forecast the total amount of power (in megawatt-hours) that will be used in Quarter
of
.
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Solution: The solution consists of 2 pages
Deliverables: Word Document
Deliverables: Word Document
