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: = 2,298 - 6635Qtr1 - 1,446Qtr2 + 303Qtr3 + 26t,where Qtr1,Qtr2,and Qtr3 are dummy variables corresponding to Quarters 1,,2 and 3,and t = time period. For a given year,the demand in Quarter 4 is on average ___________.
A) 741 copies higher than in Quarter 1
B) 663 copies higher than in Quarter 1
C) 741 copies lower than in Quarter 1
D) 663 copies lower than in Quarter 1

Question

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:  = 2,298 - 6635Qtr1 - 1,446Qtr2 + 303Qtr3 + 26t,where Qtr1,Qtr2,and Qtr3 are dummy variables corresponding to Quarters 1,,2 and 3,and t = time period. For a given year,the demand in Quarter 4 is on average ___________.
A) 741 copies higher than in Quarter 1 
B) 663 copies higher than in Quarter 1 
C) 741 copies lower than in Quarter 1 
D) 663 copies lower than in Quarter 1

Quizplus · Accepted Answer

The Answer of 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:  = 2,298 - 6635Qtr1 - 1,446Qtr2 + 303Qtr3 + 26t,where Qtr1,Qtr2,and Qtr3 are dummy variables corresponding to Quarters 1,,2 and 3,and t = time period. For a given year,the demand in Quarter 4 is on average ___________.
A) 741 copies higher than in Quarter 1 
B) 663 copies higher than in Quarter 1 
C) 741 copies lower than in Quarter 1 
D) 663 copies lower than in Quarter 1

Based on Quarterly Data Collected Over the Last Five Years,the