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

question 127

Multiple Choice

SCENARIO 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 2011 to
-Referring to Scenario 16-14, the best interpretation of the coefficient of $Q _ { 3 }$ (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.

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Definitions:

Accused Person

An individual who is charged with a wrongdoing or crime.

Preponderance of Evidence

A standard of proof in civil cases, which requires that the greater weight of the evidence must support the party's case.

Reasonable Suspicion

A legal standard of proof in United States law that is less than probable cause, the standard for arrests, but more than an inchoate and unparticularized suspicion or hunch, used to justify brief stops and detentions, but not full searches.

Coin Flip

A simple randomization technique used to select one of two options, often used in decision making, games, and settling disputes.