In the linear trend equation, T_t = b₀ + b₁t, t represents the A) time period. B) slope of the trend line. C) trend value in period 1. D) the y-intercept.

Question

Quizplus · Accepted Answer

In a linear trend equation, t represents the time period. The slope of the trend line is represented by b₁, the y-intercept is represented by b₀, and the trend value in period 1 is not explicitly represented in this equation.

In the Linear Trend Equation, Tt = B0 + B1t

In the Linear Trend Equation, T_t = B₀ + B₁t