Gibson,Inc.is a holding company that owns several businesses.One such business is a truck sales company.To help in managing this operation,managers at Gibson have collected sales data for the past 20 years showing the number of trucks sold each year.They have then developed the linear trend forecasting model shown as follows: Based on this information,it appears that the time series has a strong positive linear trend component.

Question

Gibson,Inc.is a holding company that owns several businesses.One such business is a truck sales company.To help in managing this operation,managers at Gibson have collected sales data for the past 20 years showing the number of trucks sold each year.They have then developed the linear trend forecasting model shown as follows:  Based on this information,it appears that the time series has a strong positive linear trend component.

Quizplus · Accepted Answer

The given linear trend forecasting model shows a positive slope, indicating a strong positive linear trend component in the sales data. Therefore, the statement is true.