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.The demand forecast for Quarter 2 of the next year is
A)2640
B)1970
C)3610
D)3305

Question

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.The demand forecast for Quarter 2 of the next year is
A)2640 
B)1970 
C)3610 
D)3305

Quizplus · Accepted Answer

The Answer of 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.The demand forecast for Quarter 2 of the next year is
A)2640 
B)1970 
C)3610 
D)3305