The method of least squares is used on time-series data for
A)eliminating irregular movements.
B)deseasonalizing the data.
C)obtaining the trend equation.
D)exponentially smoothing a series.

Question

Quizplus · Accepted Answer

The method of least squares is primarily used for obtaining the trend equation in time-series analysis, allowing for the identification and modeling of the underlying trend in the data.

The Method of Least Squares Is Used on Time-Series Data