Question #45

Reading: Reading 2 Time-Series Analysis

PDF File: Reading 2 Time-Series Analysis.pdf

Page: 21

Status: Unattempted

Part of Context Group: Q45-49 First in Group
Shared Context
- The preceding table will be used by Johnson to forecast values using: A) an autoregressive model with a seasonal lag. B) a serially correlated model with a seasonal lag. C) a log-linear trend model with a seasonal lag.
Question
The value that Johnson should enter in the table in place of "w" is:
Answer Choices:
A. 164
B. −115
C. −48
Explanation
The seasonal lagged change in sales shows the change in sales from the period 4 quarters before the current period. Sales in the year 2013 quarter 4 increased $164 million over the prior period.
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