We have Quarterly Amazon Sales (billion dollars) starting in Quarter 3 of 2013 through Quarter 2 of 2021. In Quarter 2 of 2021 the Amazon Sales was 96.1 billion dollars. Use the output provided below to report the updated forecast for the Amazon Sales for Quarter 3 of 2021. The variable time period is coded in the following way: Start with t = 1 for Quarter 3 of 2013, t = 2 for Quarter 4 of 2013. The value of t will increase by 1 for each subsequent quarter. In this example we have created indicator variables for Quarters 1, 2 and 3. Quarter 4 is the baselevel. Using the output here for the model accounting for trend and seasonality as well as the output for the AR(1) model report the updated forecast for Amazon Sales in Quarter 3 of 2021. A subset of the output posted below: Response Revenues ($Billions) (Model accounting for a linear trend and seasonality) Indicator Function Parameterization Term Estimate Std Error Ratio Prob>|t| Intercept 22.67 2.170013 8.15 <0001* Time period 2.538 0.114582 19.54 <.0001* Quarter[1] - 10.44 2.376946 -4.39 0.0003* Quarter[2] -11.156 2.385217 -4.68 0.0001* Quarter[3] -8.773 2.290687 -3.83 0.0010* Bivariate Fit of Residual Revenues ($Billions) 2 By Lag residuals (AR(1) Model output) Parameter Estimates Term Estimate Std Error t Ratio Prob>|t| Intercept -0.0856 0.479018 -0.18 0.8598 Lag residuals 0.762 0.132836 5.74 <.0001 The Updated forecast for the Amazon Sales accounting for Trend, Seasonality and Adjusted for the Serial Correlation using the AR(1) model is: _________ billion dollars. If the answer is 75.2432 billion dollars just type 75.2432 Record your answer with at least 4 decimal places.

Respuesta :

The AR(1) model was used to create an updated forecast for Amazon sales that account for trend, seasonality, and serial correlation is 97.6510

Accounting and revenue

  • Accounting is the recording of financial transactions along with storing, sorting, retrieving, summarizing, and presenting the results in various reports and analyses.
  • Revenue in accounting refers to the entire amount of money made through selling products and services from a company's core operations.
  • Revenue is another term for a company's earnings, also known as sales or turnover.

Given that:

Equation of regression

Revenue = 22.67 + 2.538*t - 10.44*Q1 + 11.156*Q2- 8.77*Q3

t = 1 for the third quarter of 2013.

t = 33 for the third quarter of 2021

Revenue = 22.67 + 2.538*33 - 8.77 = 97.6510 billion dollars.

Therefore, Revenue = 97.6510 billion dollars

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