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Exhibit 18

question 74

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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.By how many percent the demand in Quarter 3 is on average higher than the average quarterly demand? A) 25.29% B) 8.37% C) 31.63% D) 14.71% , where Qtr1,Qtr2 and Qtr3 are dummy variables corresponding to Quarters 1,2 and 3.
Refer to Exhibit 18.5.By how many percent the demand in Quarter 3 is on average higher than the average quarterly demand?


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