Explore BrainMass
Share

Explore BrainMass

    Multiple Regression and Predicting Gasoline Consumption

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Given the following gasoline consumption data:

    Quarter Year 1 Year 2 Year 3
    1 150 156 175
    2 140 148 156
    3 185 201 208
    4 160 175 185

    (a) Estimate a multiple regression with trend and seasonal dummy variables.

    (b) Predict gasoline consumption for every quarter in the fourth year.

    © BrainMass Inc. brainmass.com October 9, 2019, 11:15 pm ad1c9bdddf
    https://brainmass.com/business/strategy-and-business-analysis/multiple-regression-predicting-gasoline-consumption-250568

    Solution Summary

    This solution addresses the problem of estimating multiple regression with trend and seasonal dummy variables and how to calculate gasoline consumption based on previous data.

    $2.19