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

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 constant 3.37 in the regression equation is: a) the fitted value for the first quarter of 2011 , prior to seasonal adjustment, is $\log _ { 10 }$ $3.37$ .
b) the fitted value for the first quarter of 2011, after to seasonal adjustment, is $\log _ { 10 }$ $3.37$ .
c) the fitted value for the first quarter of 2011 , prior to seasonal adjustment, is $10 ^ { 3.37 }$ .
d) the fitted value for the first quarter of 2011 , after to seasonal adjustment, is $10 ^ { 3.37 }$ .