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Use the data given below to answer the following question(s) .
The table provided below gives the sales details of the number of android smart phones at an electronic retail store for the past 6 weeks. The time series appears to be relatively stable, without trend, seasonal, or cyclical effects. (Hint: Optimize α value in 0.1 increments)
-In the linear trend equation Ft+k = at + btk, identify the term that signifies the trend.
Independent Variable
A variable in an experiment or model that is manipulated to observe its effect on a dependent variable.
Predictor Variable
A variable used in statistics and modeling that forecasts or predicts the outcome of a dependent variable, also known as an independent variable.
Second-order Polynomial
A polynomial of degree two, typically expressed as \(ax^2 + bx + c\), which represents a quadratic function.
First-order Polynomial
A mathematical expression of the form ax + b, where a and b are constants, and x is a variable.
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