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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?
Operating Profit
The profit earned from a firm's normal core business operations.
Assistant's Salary
refers to the compensation provided to an assistant, which can vary depending on the field of work, job responsibilities, and experience level.
Accounting Profit
The financial gain calculated by subtracting total expenses from total revenues, according to standard accounting practices.
Own Capital
Resources or funds that an individual or company owns outright without any debt obligations.
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