A Contractor Wants to Forecast the Number of Contracts in Future

question 46

Multiple Choice

A contractor wants to forecast the number of contracts in future quarters, using quarterly data on number of contracts during the 10-year period from 1997 to 2006. Which of the following would be the most appropriate analysis to perform?

• A) autoregressive modeling
• B) one-way ANOVA
• C) least-squares forecasting with monthly or quarterly data
• D) two-way ANOVA

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Definitions:

Negative Reinforcement

A psychological principle where the removal or avoidance of an unpleasant stimulus as a consequence of a behavior increases the likelihood of that behavior being repeated.

Positive Punishment

A behavior modification technique where an undesirable behavior results in a negative outcome to decrease the likelihood of the behavior reoccurring.

Negative Punishment

A behavior modification technique involving the removal of a desirable stimulus to decrease the likelihood of an unwanted behavior's recurrence.

Negative Reinforcement

The process of strengthening a behavior by removing or avoiding a negative outcome or stimulus.