When we regress grocery store sales against GDP data,we find a high correlation between the two and a cyclical trend-line of grocery sales around the least squares trendline.

Question

Quizplus · Accepted Answer

A high correlation between grocery store sales and GDP data suggests that the two variables are related. Additionally, the presence of a cyclical trend-line around the least squares trendline is not uncommon in economic data, as many industries experience fluctuations in sales over time.

When We Regress Grocery Store Sales Against GDP Data,we Find