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Mathematics, 24.06.2020 18:01 lea5261

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 2010 to 2012. The following is the resulting regression equation: ln = 3.37 + 0.117 X - 0.083 Q1 + 1.28 Q2 + 0.617 Q3 where is the estimated number of contracts in a quarter X is the coded quarterly value with X = 0 in the first quarter of 2010 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 The best interpretation of the coefficient of Q3 (0.617) in the regression equation is

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