A company has recorded annual sales for the past 14 years and found the following linear trend model:
= 5.23 + 144.60 t. This means that
A) On average, sales are increasing by 144.6 per year.
B) On average, sales are increasing by 5.23 per year.
C) There is a seasonal component in the data.
D) Sales in year one were 5.23.
E) There is a cyclical component in the data.
Correct Answer:
Verified
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