A forecaster used the regression equationQt = a + bt + c1D1 + c2D2 + c3D3and quarterly sales data for 1996 I - 2013 IV (t = 1, ..., 64) for an appliance manufacturer to obtain the results shown below. Q is quarterly sales, and D1, D2 and D3 are dummy variables for quarters I, II, and III.What is the estimated intercept of the trend line in the fourth quarter?
A. 0
B. 55
C. 40
D. 70
E. none of the above
Answer: E
Economics
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