I in the Linear Trend Equation, T Is Any Value

question 61

Multiple Choice

i. In the linear trend equation, t is any value that corresponds with a time period, i.e., month or quarter.
ii. The least squares method of computing the equation for a straight line going through the data of interest gives the "best fitting" line.
Iii) If the sales, production or other data over a period of time tend to approximate a straight-line
Trend, the equation developed by the least squares method cannot be used to forecast sales for a future period.

• 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) All statements are false

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Definitions:

Redemptioners

Indentured families or persons who received passage to the New World in exchange for a promise to work off their debt in America.

Indentured German Families

German immigrants who came to America and worked for a fixed number of years in exchange for their passage, often in the 17th and 18th centuries.

Transportation Debt

The accumulated obligations incurred from funding the development, maintenance, and expansion of transportation infrastructure.