A recent result of Lofano and Paolini expresses the characteristic polynomial of a real hyperplane arrangement in terms of a projection statistic on the regions of the arrangement. We use this result to give an alternative proof for Greene and Zaslavsky's interpretation for the coefficients of the chromatic polynomial of a graph and further generalize this interpretation to signed graphs. We also show that this projection statistic has a nice combinatorial interpretation in the case of the braid arrangement, which generalizes to graphical arrangements of natural unit interval graphs.