Business
Business, 06.08.2021 01:10, b2cutie456

Eight years of quarterly data of a seasonally adjusted series are used to estimate an exponential trend model as ln(Tt)ˆ = 2.50 + 0.05t with a standard error of the estimate, se = 0.09. In addition, quarterly seasonal indices are calculated as Sˆ 1 = 0.91, Sˆ 2 = 1.02, Sˆ 3 = 0.93, and Sˆ 4 = 1.04. a-1. Interpret the third quarterly index. In other words, what is the value of the series in the third quarter as compared to the average?

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