i. In the linear trend equation, the letter "b" is the average change in t for each change of one unit (either increase or decrease) in y.
ii. The least squares method of computing the equation for a straight line going through the data of interest gives the "best fitting" line.
iii. A straight-line trend equation is used to represent the time series when it is believed that the data is increasing (or decreasing) by equal amounts, on the average, from one period to another.
A) (i) , (ii) and (iii) are all correct statements
B) (i) and (ii) are correct statements, but not (iii) .
C) (i) and (iii) are correct statements but not (ii) .
D) (ii) and (iii) are correct statements but not (i) .
E) All statements are false
Correct Answer:
Verified
Q22: The following linear trend equation was developed
Q33: Given a linear time series trend,
Q35: i. In the linear trend equation, the
Q36: i. The moving average method merely smoothes
Q36: If you have annual data for 1991
Q40: A linear trend equation is used to
Q40: i. If the sales, production or other
Q42: Listed below is the net sales in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents