(d) Use a multiple regression model to develop an equation to account for trend and seasonal effects in the data Ue the dummy veriables you develped in part () t cepture seasoral effects andcreate a variable t such that t-i for quarter 1 in year 1, -2 for quarter 2 in year 1,t12 rqarter 4yar1nd your numeric vels t thee deome piaces(e) Compute the quarterty forecasts for the next year based on the model you developed in part (a). (Round your answers to twe decimal placesquarter 1 forecastquarter 2 forecastquarter 3 forecastquarter 4 forecastO Is the model you developed in part (b) or the model you developed in part (d) more tective ustity your answeO The model in part (b) appears to be more effective since there is no linear trend visibie in the dataO The model in part (b) appears to be more effective since it has a higher MSE than the model in part (d)O The model in part (d) appears to be mere effective since it has a lower MSE than the model in part (b).O The model in part (b) appears to be more effective since it has a lower MSE than the model in part (d).O The model in part (d) appears to be more effective since it has more variables then the madel in part (b). Censider the following time series datagiaoaverqueston47e09s6.2PastedpdaleQuarter Year 1Year 2Year 32.3.(a) Construct a time series plot. What type of pattern eists in the data?O The time series plot shows a inear trend and ne seasonal pattern in the dataO The time series plot shows a inear trend and a seasonal pattern in the dataO The time series plot shows a horizontal pattern, but there is alse a seasonal pattern in the dataO The time senes plot shows a horizontal pattern and no seasonal pattern in the data(b) Use a multiple regression model with dummy variables as foilows to develep an equation te account for seasonal effects in the data. (Rund vour numencal values to three decimal places)*-1r quarter 1, o otherwise; x,-1if quarter 2. 0 otherwise: Quarter 3, 0 otherwise(c) Compute the quarterly forecasts for the next year based on the model you developed in part (b) (Round your answers to two decimal places.)quarter 1 forecastquarter 2 forecastquarter 3 forecastquarter 4 forecast

Question

Accepted Answer

Hi, there! As you have posted more than 3 sub parts, we are answering the first 3 sub-parts.  In…