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Mathematics, 11.04.2020 01:32 bluexorsit7603

The gas station owners want to understand the patterns of gasoline sales in Louisville KY. Examining the historical sales data for the past few years gave them great insights but they were unable to quantify these insights. Frustrated, they hired MBA students from UofL to use their business analytics skills and determine some of the trends in the data. The MBA students created three dummy variables (Q1, Q2, Q3) to represent four quarters and a time variable to represent the time in quarters. The results of the regression are as below:Is there a seasonal pattern in the data? Why/why not?a. Yes, the dummy variables for the quarters are not significantb. No, the dummy variables for the quarters are not significantc. Yes, the time variable is significantd. No, the time variable is significant

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The gas station owners want to understand the patterns of gasoline sales in Louisville KY. Examining...
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