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ETX5900 - S2 2025 Take Home Quiz Week 11 (due on 24th of October)

Numerical

The following model is used for forecasting the sales of lollipops (in thousand dollars): \hat{Y}_t=21.141+6.945t+2.716t^2 The model was established using quarterly data starting from quarter index t=1 at Quarter 1, 2013. The correct forecasted trend value for the third quarter of 2019 is Answer Question 4[input] thousand dollars (please round your answer to 2 decimal places).

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To forecast using the given model, I will substitute the appropriate t value into Ŷ_t = 21.141 + 6.945 t + 2.716 t^2. First, determine t for the third quarter of 201......Login to view full explanation

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