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 2013.The following is the resulting regression equation: 
where 
is the estimated number of contracts in a quarter. X is the coded quarterly value with X = 0 in the first quarter of 2011. 
is a dummy variable equal to 1 in the first quarter of a year and 0 otherwise. Q 
is a dummy variable equal to 1 in the second quarter of a year and 0 otherwise. 
is a dummy variable equal to 1 in the third quarter of a year and 0 otherwise.
-Referring to Scenario 16-14, in testing the coefficient of X in the regression equation (0.117) the results were a t-statistic of 9.08 and an associated p-value of 0.0000.Which of the following is the best interpretation of this result?
Definitions:
Estimated Bad Debts
A provision for accounts receivable that are not expected to be collected.
Net Income
The total earnings of a company after deducting all expenses, taxes, and costs from its total revenues, indicating the company's profitability.
Liabilities
Financial obligations or debts that a company owes to others, due to past transactions or events.
Net Assets
The residual interest in the assets of an entity after deducting its liabilities, essentially representing the owners' equity.
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