document.write( "Question 449931: A retail jewelry store has generated the following regression model for forecasting its total quarterly sales (in thousands of dollars): \r
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document.write( "Y3=81.5+4.08t-32.60Q1-16.30Q2+8.15Q3\r
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document.write( "This model is developed using a data set that starts in Quarter 4 of 2006 (i.e., the first time period t=1 is associated with Quarter 4 of 2006 ). Use this model to forecast the store's total sales (in thousands of dollars) in Quarter 2 of 2012. \r
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document.write( "I have t= 23
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document.write( "y23= 81.5+4.08(23)-32.6(0)-16.30(1)+8.15(0)=69.39 but is wrong do not know what I did wrong. can someone please help me \n" );
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Algebra.Com's Answer #309593 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Y3=81.5+4.08t-32.60Q1-16.30Q2+8.15Q3 \n" ); document.write( "This model is developed using a data set that starts in Quarter 4 of 2006 (i.e., the first time period t=1 is associated with Quarter 4 of 2006 ). Use this model to forecast the store's total sales (in thousands of dollars) in Quarter 2 of 2012. \n" ); document.write( "I have t= 23 \n" ); document.write( "y23= 81.5+4.08(23)-32.6(0)-16.30(1)+8.15(0)=69.39 but is wrong do not know what I did wrong. \n" ); document.write( "---------------- \n" ); document.write( "What do you mean by \"Y3\"? \n" ); document.write( "Is that Y^3 or is it something else? \n" ); document.write( "--- \n" ); document.write( "How did you determine that Q1 = 0, \n" ); document.write( "and that Q2 = 1 and Q3 = 0? \n" ); document.write( "============= \n" ); document.write( "Using your numbers I get y23 = 81.5-16.3 = 65.2 \n" ); document.write( "Where did you get 69.39? \n" ); document.write( "============= \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |