TABLE 16-13
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:
-Referring to Table 16-13, in testing the significance of the coefficient of X in the regression equation (0.012) which has a p-value of 0.0000. Which of the following is the best interpretation of this result?
A) The quarterly growth rate in revenues is significantly different from 0% (α = 0.05) .
B) The quarterly growth rate in revenues is not significantly different from 0% (α = 0.05) .
C) The quarterly growth rate in revenues is significantly different from 1.2% (α = 0.05) .
D) The quarterly growth rate in revenues is not significantly different from 1.2% (α = 0.05) .
Correct Answer:
Verified
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A local store developed a multiplicative
Q123: TABLE 16-13
A local store developed a multiplicative
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Q140: TABLE 16-11
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