The Following Regression Output Is from a Multiple Regression Model

question 22

Multiple Choice

The following regression output is from a multiple regression model: The variables t, t2, and t3 represent the t, t-squared, and t-cubed respectively where t is the indicator of time from periods t = 1 to t = 20. Which of the following best describes the type of forecasting model that has been developed?

• A) A complete third-order polynomial model
• B) A tri-variate smoothed regression model
• C) A nonlinear trend model
• D) A qualitative regression model

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Definitions:

Subsidiary Ledgers

Detailed records that support summaries contained in the general ledger, often used for accounts receivable and payable.

Job Order

A request or instruction to perform a specific task, often used in manufacturing or service industries to track costs and work.

Equivalent Units

Equivalent units are a concept in cost accounting used to allocate costs to partially completed goods, treating them as if they were a certain number of fully completed units.

Job Order

A custom or production order that specifies the details for manufacturing a certain product or products for a customer.