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TABLE 16-14 a Contractor Developed a Multiplicative Time-Series Model to Forecast the Forecast

question 22

Multiple Choice

TABLE 16-14
A contractor developed a multiplicative time-series model to forecast the number of contracts in future quarters,using quarterly data on number of contracts during the 3-year period from 2010 to 2012.The following is the resulting regression equation:
ln = 3.37 + 0.117 X - 0.083 Q₁ + 1.28 Q₂ + 0.617 Q₃
where is the estimated number of contracts in a quarter
X is the coded quarterly value with X = 0 in the first quarter of 2010
Q₁ is a dummy variable equal to 1 in the first quarter of a year and 0 otherwise
Q₂ is a dummy variable equal to 1 in the second quarter of a year and 0 otherwise
Q₃ is a dummy variable equal to 1 in the third quarter of a year and 0 otherwise
-Referring to Table 16-14,in testing the coefficient for Q₁ in the regression equation (-0.083) ,the results were a t-statistic of -0.66 and an associated p-value of 0.530.Which of the following is the best interpretation of this result?

Definitions:

Mechanoreceptors

Sensory receptors that respond to mechanical pressure or distortion, involved in detecting touch, pressure, and sound.

Retinal Disorders

Retinal disorders are a group of diseases affecting the retina, a layer of tissue at the back of the eye, which can impair vision and lead to blindness.

Exteroceptors

Sensory receptors that receive stimuli from the external environment, involved in senses such as sight, hearing, taste, smell, and touch.

Olfactory Cortex

A region of the brain involved in the processing of smell information received from the olfactory receptors.