An ARMA(3, 0) model is fit to the following quarterly time series: Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 2018 3.53 1.33 1.85 0.61 2019 0.98 3.61 3.44 3.38 2020 2.91 2.12 4.62 2.93 The estimated coefficients are: ar1 ar2 ar3 intercept 0.252 0.061 -0.202 2.637 Forecast the value for Quarter 1 of 2021. Give full explanation on how you arrived to your answer. Show calculations. A. Less that 3.00 B. At least 3.00, but less than 3.25 C. At least 3.25, but less than 3.50 D. Atleast 3.50, but less than 3.75 E. At least 3.75.