The manufacturer of Beanie Baby dolls used quarterly price data for 20051 20131V

Question

The manufacturer of Beanie Baby dolls used quarterly price data for 20051 20131V (t 1, .36) and the regression equation: to forecast doll prices in the year 2014. Pt is the quarterly price of dolls, and D1t, D2t and D3t are dummy variables for quarters I, II, andIII, espectively R-square F-ratio P-value on F 0.907876.34 0.0001 variable: PT 36td> P-value Parameter Standard T-ratio estimate error 24.0 0.800 6.20 3.87 0240 3.33 2.60 3.08 1.80 -3.33 0.0005 0.0022 0.0043 0.0022 0.0001 Intercept -6.00 -4.0 0.60 -6.67 What is the estimated intercept of the trend line in the third quarter of 2014? 16 none of the above Moving to another question will save this response si e ehere to search

Explanation / Answer

The intercepts for quarters 1, 2 , 3 and 4 are a, (a+c1), (a+c2) and (a+c3).

The intercept for quarter 3 is:

24 + (-4) = 20.

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