Instruction 14-5
a Local Store Developed a Multiplicative Time-Series Model $\hat { Y }$

question 104

Multiple Choice

Instruction 14-5
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:
log 10 $\hat { Y }$ = 6.102 + 0.012 X - 0.129 Q₁ - 0.054 Q₂ + 0.098 Q₃
Where
$\hat { Y }$ is the estimated number of contracts in a quarter
X is the coded quarterly value with X = 0 in the first quarter of 2005.
Q₁ is a dummy variable equal to 1 in the first quarter of a year and 0 otherwise.
Q₂ is a dummy variable equal to 1 in the second quarter of a year and 0 otherwise.
Q₃ is a dummy variable equal to 1 in the third quarter of a year and 0 otherwise.
-Referring to Instruction 14-5,to obtain a forecast for the third quarter of 2010 using the model,which of the following sets of values should be used in the regression equation?

• A)X = 22,Q₁ = 0,Q₂ = 0,Q₃ = 1
• B)X = 23,Q₁ = 0,Q₂ = 0,Q₃ = 0
• C)X = 23,Q₁ = 0,Q₂ = 0,Q₃ = 1
• D)X = 22,Q₁ = 0,Q₂ = 0,Q₃ = 0

Understand the role of personal integrity and moral development in ethical leadership.

Differentiate between various leadership theories with respect to their emphasis on ethics and social justice.

Identify strategies for encouraging ethical behavior within organizations.

Evaluate the morality of leadership actions based on ends, means, and outcomes.

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in a public marketplace.

Realized Gains

Profit from the sale or exchange of an asset that exceeds its purchase price.

Investments

Assets purchased with the expectation that they will generate income or will appreciate in value in the future.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, typically represented by common stock, preferred stock, and retained earnings.