The following regression output is from a multiple regression model: The variables t, t2, and t3 represent the t, t-squared, and t-cubed respectively where t is the indicator of time from periods t = 1 to t = 20. Which of the following best describes the type of forecasting model that has been developed?
A) A complete third-order polynomial model
B) A tri-variate smoothed regression model
C) A nonlinear trend model
D) A qualitative regression model

Question

The following regression output is from a multiple regression model:  The variables t, t2, and t3 represent the t, t-squared, and t-cubed respectively where t is the indicator of time from periods t = 1 to t = 20. Which of the following best describes the type of forecasting model that has been developed?
A) A complete third-order polynomial model 
B) A tri-variate smoothed regression model 
C) A nonlinear trend model 
D) A qualitative regression model

Quizplus · Accepted Answer

The Answer of The following regression output is from a multiple regression model:  The variables t, t2, and t3 represent the t, t-squared, and t-cubed respectively where t is the indicator of time from periods t = 1 to t = 20. Which of the following best describes the type of forecasting model that has been developed?
A) A complete third-order polynomial model 
B) A tri-variate smoothed regression model 
C) A nonlinear trend model 
D) A qualitative regression model

The Following Regression Output Is from a Multiple Regression Model