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

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.