A company has recorded annual sales (in $thousands) 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 $144.6K per year.
B) on average, sales are increasing by $5.23K per year.
C) there is a seasonal component in the data.
D) sales in year one were $5.23K.
E) there is a cyclical component in the data.

Question

A company has recorded annual sales (in $thousands) 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 $144.6K per year. 
B) on average, sales are increasing by $5.23K per year. 
C) there is a seasonal component in the data. 
D) sales in year one were $5.23K. 
E) there is a cyclical component in the data.

Quizplus · Accepted Answer

The Answer of A company has recorded annual sales (in $thousands) 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 $144.6K per year. 
B) on average, sales are increasing by $5.23K per year. 
C) there is a seasonal component in the data. 
D) sales in year one were $5.23K. 
E) there is a cyclical component in the data.

A Company Has Recorded Annual Sales (In $Thousands) for the Past