The linear model for long-term trend is $y = \beta _ { 0 } + \beta _ { 1 } t + \varepsilon$ , where t is the time period. The trend is indicated by:
A) $\beta _ { 0 }$ .
B) $\beta _ { 1 }$ .
C) $y$ .
D) $t$ .

Name: The linear model for long-term trend is $y = \beta _ { 0 } + \beta _ { 1 } t + \varepsilon$ , where t is the time period. The trend is indicated by: A) $\beta _ { 0 }$ . B) $\beta _ { 1 }$ . C) $y$ . D) $t$ .
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Quizplus · Accepted Answer

The trend is indicated by the slope of the line, which is $\beta _ { 1 }$.

The Linear Model for Long-Term Trend Is y=β0+β1t+εy = \beta _ { 0 } + \beta _ { 1 } t + \varepsilony=β0​+β1​t+ε

The Linear Model for Long-Term Trend Is $y = \beta _ { 0 } + \beta _ { 1 } t + \varepsilon$