Based on Quarterly Data Collected Over the Last Five Years

question 4

Multiple Choice

Based on quarterly data collected over the last five years, the following regression equation was found to forecast the quarterly demand for the number of new copies of a business statistics textbook: _t = 2,298 - 335Qtr1 - 1,446Qtr2 + 303Qtr3 + 26t, where Qtr1, Qtr2, and Qtr3 are dummy variables corresponding to Quarters 1, ,2 and 3, and t = time period starting with t = 1. For a given year, the demand in Quarter 4 is on average ________.

• A) 2,298 copies
• B) 1993 copies
• C) 852 copies
• D) 2601 copies

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