Used car dealerships generally have sales quotas that they strive to hit each month, quarter,...

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Accounting

Used car dealerships generally have sales quotas that they strive to hit each month, quarter, and calendar year. Consequently, buying a used car toward the end of those periods presents a great opportunity to get a good deal on the car. The accompanying file includes monthly sales data for used cars (Cars) from 2014-2019.
Estimate the linear regression models using seasonal dummy variables with and without the trend term. Which is the preferred model?
______ based on the value of _______.
Use the preferred model to forecast used car sales in the first two months of 2020.
Note: Round coefficient estimates to at least 4 decimal places and final answers to 2 decimal places.
Forecast
Month 1_______
Month 2_______
Date Cars
January/14138
February/14179
March/14151
April/14176
May/14176
June/14212
July/14199
August/14233
September/14233
October/14202
November/14176
December/14180
January/15176
February/15148
March/15171
April/15166
May/15197
June/15199
July/15214
August/15230
September/15224
October/15177
November/15183
December/15173
January/16178
February/16133
March/16150
April/16168
May/16189
June/16210
July/16229
August/16234
September/16242
October/16168
November/16186
December/16191
January/17154
February/17142
March/17165
April/17173
May/17194
June/17203
July/17230
August/17206
September/17221
October/17167
November/17174
December/17183
January/18175
February/18152
March/18161
April/18170
May/18180
June/18184
July/18220
August/18220
September/18215
October/18172
November/18158
December/18170
January/19156
February/19150
March/19173
April/19184
May/19164
June/19201
July/19199
August/19206
September/19235
October/19146
November/19163
December/19195

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