Solved

A Trend Line Has Been Fitted to a Company's Annual

Question 71

Multiple Choice

A trend line has been fitted to a company's annual sales. The trend is given by yt = 50 + 5t, where t is the time index (t = 1, 2, …, n) and yt is annual sales (in millions of dollars) . The implication of this trend line is:


A) sales will increase by $5 million every year.
B) sales increase exactly 5 percent every year.
C) sales increase on the average 5 percent per year.
D) sales increase on the average $5 million per year.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents