The worksheet Revenue in the Chp 17 HW problems data worksheet on Moodleshows quarterly revenue over the period 2018-2023.a) Fit a seasonal regression model with trend to the data. Is the model significant atα = 0.05? What is the equation of the fit line. Interpret the model parameters inthe context of the problem.b) Use the regression model of part a) to make quarterly sales forecasts and an annualsales forecast for the next year, i.e., 2024. о1 Year2AB0DEFGHJKMNQuarterRevenuetQ1Q2Q32018 Qtr1533011003Qtr2671320104Qtr3690630015Qtr47986400062019 Qtr1510151007Qtr2617860108Qtr3637670019Qtr47457000102020 Qtr15530910011Qtr265381001012Qtr368301100113Qtr4807312000142021 Qtr161311310015Qtr270701401016Qtr3725717Qtr48803182022 Qtr1658519Qtr27697222222222222Qtr38184Qtr4100962023 Qtr17205Qtr28599Qtr38950Qtr4103835676222222150011600017100180101900200021232410000100-000-01282930<Ready47°FCloudySalesSterlingRevenue+Accessibility: Good to goQ SearchPΟQRSTUENG<W11:07 PM4/6/2024100%PRE

Given,the data worksheet on moodle shows quarterly revenue over the period…

a) Fit a seasonal regression model with trend to the data. Is the model significant at α = 0.05? What is the equation of the fit line. Interpret the model parameters in the context of the problem. b) Use the regression model of part a) to make quarterly sales forecasts and an annual sales forecast for the next year, i.e., 2024.

a) Fit a seasonal regression model with trend to the data. Is the model significant at α = 0.05? What is the equation of the fit line. Interpret the model parameters in the context of the problem. b) Use the regression model of part a) to make quarterly sales forecasts and an annual sales forecast for the next year, i.e., 2024.

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter3: Straight Lines And Linear Functions

Section3.CR: Chapter Review Exercises

Problem 15CR: Life Expectancy The following table shows the average life expectancy, in years, of a child born in...

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