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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, t is any value that corresponds with a time period, i.e., month or quarter.
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.
Cash Cows
Business units or products that generate significant cash flows with minimal investment, often funding other strategic business units.
Modest Growth
An economic situation characterized by slow but steady increase in the size or value of something.
Cash Cow
A business, product, or asset that consistently generates significant amounts of cash flow, often requiring little investment to maintain.
High Market Share
A situation where a company or product has a higher percentage of total sales revenue of a market compared to its competitors.
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