Based on Quarterly Data Collected Over the Last Five Years

Multiple Choice

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: _t = 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 starting with t = 1. The demand forecast for the second quarter of the next year is ________.

A) 2,181
B) 3,199
C) 2,922
D) 1,424