Multiple Choice
Regression analysis was used to estimate the following seasonal forecasting equation:
St = 124 + 18 D1 - 46 D2 - 28 D3 + 2.5 t
D1 is a dummy variable that is equal to one in the first quarter and zero otherwise; D2 is a dummy variable that is equal to one in the second quarter and zero otherwise; and D3 is a dummy variable that is equal to one in the third quarter and zero otherwise. Forecast the level of sales in the second quarter of time period ten.
A) 195
B) 170
C) 103
D) None of the above is correct.
Correct Answer:

Verified
Correct Answer:
Verified
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