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TABLE 16-5 a Contractor Developed a Multiplicative Time-Series Model to Forecast the Forecast

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TABLE 16-5
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 2006 to 2008. The following is the resulting regression equation:
TABLE 16-5 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 2006 to 2008. The following is the resulting regression equation:      -Referring to Table 16-5, the best interpretation of the coefficient of Q<sub>3</sub> (0.617)  in the regression equation is: A)  the number of contracts in the third quarter of a year is approximately 62% higher than the average over all 4 quarters. B)  the number of contracts in the third quarter of a year is approximately 62% higher than it would be during the fourth quarter. C)  the number of contracts in the third quarter of a year is approximately 314% higher than the average over all 4 quarters. D)  the number of contracts in the third quarter of a year is approximately 314% higher than it would be during the fourth quarter. TABLE 16-5 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 2006 to 2008. The following is the resulting regression equation:      -Referring to Table 16-5, the best interpretation of the coefficient of Q<sub>3</sub> (0.617)  in the regression equation is: A)  the number of contracts in the third quarter of a year is approximately 62% higher than the average over all 4 quarters. B)  the number of contracts in the third quarter of a year is approximately 62% higher than it would be during the fourth quarter. C)  the number of contracts in the third quarter of a year is approximately 314% higher than the average over all 4 quarters. D)  the number of contracts in the third quarter of a year is approximately 314% higher than it would be during the fourth quarter.
-Referring to Table 16-5, the best interpretation of the coefficient of Q3 (0.617) in the regression equation is:

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