TABLE 16-13 A Local Store Developed a Multiplicative Time-Series Model to Forecast

question 70

Multiple Choice

TABLE 16-13
A local store developed a multiplicative time-series model to forecast its revenues in future quarters, using quarterly data on its revenues during the 4-year period from 2005 to 2009. The following is the resulting regression equation:


-Referring to Table 16-13, the best interpretation of the coefficient of X (0.012) in the regression equation is:

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Definitions:

Resources Necessary

Essential materials, finances, human capital, and other assets required to accomplish tasks, projects, or goals within an organization.

Goal Commitment

The determination or resolve an individual has to achieve a set goal, despite obstacles or difficulties.

Expected Rewards

Anticipated benefits or returns that motivate individuals towards performing certain actions or behaviors.

Satisfied Committed

A state where individuals feel content with their achievements or status and are dedicated to their roles or responsibilities.