The Linear Trend Was Estimated Using a Time Series

question 13

Multiple Choice

The linear trend was estimated using a time series with 20 time periods.The forecasted value for time period 21 is

• A)120.
• B)122.
• C)160.
• D)162.

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Definitions:

Indifference Schedule

A table or graph that shows a combination of two goods that give a consumer equal satisfaction and utility, illustrating consumer preferences.

Units of X

A term often used in economics to denote a quantity of a particular good or service being considered.

Data

Information, especially facts or numbers, collected to be examined and considered and used to help decision-making.