Examlex

Solved

Exhibit 18

question 31

Multiple Choice

Exhibit 18.5.Based on quarterly data collected over the last 4 years,the following regression equation was found to forecast the quarterly demand for the number of new copies of an economics textbook: Exhibit 18.5.Based on quarterly data collected over the last 4 years,the following regression equation was found to forecast the quarterly demand for the number of new copies of an economics textbook:   , where Qtr1,Qtr2 and Qtr3 are dummy variables corresponding to Quarters 1,2 and 3. Refer to Exhibit 18.5.Which of the following is not true? A) The demand in Quarter 1 is on average 670 copies higher than in Quarter 2. B) The demand in Quarter 3 is on average 305 copies higher than in Quarter 4. C) The demand in Quarter 1 is on average 360 copies lower than in Quarter 3. D) The demand in Quarter 2 is on average 1640 copies lower than in Quarter 3. , where Qtr1,Qtr2 and Qtr3 are dummy variables corresponding to Quarters 1,2 and 3.
Refer to Exhibit 18.5.Which of the following is not true?


Definitions:

Related Questions