If the trend equation is Ŷ = 10 + 100t, the forecasted value increases 100 units for the next time period, t.

Name: If the trend equation is Ŷ = 10 + 100t, the forecasted value increases 100 units for the next time period, t.
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Question

Quizplus · Accepted Answer

Since the trend equation is Ŷ = 10 + 100t, the forecasted value (Ŷ) increases by 100 units for each unit increase in t. Therefore, if the next time period is t+1, then the forecasted value will increase by 100 units, making the answer A, true.

If the Trend Equation Is Ŷ = 10 + 100t