Regression Analysis Was Used to Develop the Following Equation from 60

Essay

Regression analysis was used to develop the following equation from 60 observations of quarterly data:
ŷt = 2500 - 3t - 3Q₁ + 2Q₂ + 5Q₃,
where: $$Q _ { i }$$ = 1, if quarter i (i = 1, 2, 3)
= 0, otherwise
Forecast the next four quarters.