The fitted annual sales trend is y_t = 227e^.037^t. The values of y_t are: A)rising by an increasing amount each period. B)rising by a declining amount each period. C)declining by a declining amount each period. D)declining by an increasing amount each period.

Question

Quizplus · Accepted Answer

The trend equation $y = 227e^{0.037t}$ indicates an exponential growth model where sales increase by a certain percentage each period, leading to increases by an increasing amount each period.

The Fitted Annual Sales Trend Is Yt = 227e

The Fitted Annual Sales Trend Is Y_t = 227e