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:

Motivational Technique

Strategies or methods used to inspire individuals or groups to achieve their goals and enhance their performance.

Theory X Managers

Managers who assume employees are inherently lazy and must be coerced or controlled to perform their duties.

Exceed Expectations

To go beyond what is anticipated or required, often surprising others with the level of performance or results.

Herzberg's Motivational Factors

Elements identified by Frederick Herzberg that affect job satisfaction and motivate employees, such as achievement, recognition, and the nature of the work itself.