(Answered) Based on quarterly data collected over the last 5 years the

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Based on quarterly data collected over the last 5 years, the following multiple regression equation was found to forecast the quarterly demand (y) for the number of new copies of a Business Analytics textbook: y = 2500 + 15 Year + (-550) Qtr1 + (-1225) Qtr2 + 700 Qtr3 In the equation above, Qtr1, Qtr2, and Qtr3 are dummy variables corresponding to the first, second, and third quarters of the calendar year and Year = 1, 2, 3, 4, or 5 (for years 1-5 represented in the data). Using the model described above, what is the forecast for the textbook demand for the third quarter of year 8?

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