i. In a time series analysis, the letter "a" in the linear trend equation, is the value of when t = 0. ii. In the linear trend equation, the letter "b" is the average change each change of one unit (either increase or decrease) in y.
iii. In the linear trend equation, t is any value that corresponds with a time period, (i.e. month or quarter.
A) (i) , (ii) , and (iii) are all correct statements.
B) (i) and (ii) are correct statements but not (iii) .
C) (i) and (iii) are correct statements but not (ii) .
D) (ii) and (iii) are correct statements but not (i) .
E) (i) , (ii) , and (iii) are all false statements.
Correct Answer:
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