I in the Linear Trend Equation, the Letter "B" Is

question 96

Multiple Choice

i. In the linear trend equation, the letter "b" is the average change in t for each change of one unit
(either increase or decrease) in y.
ii. In the linear trend equation, t is any value that corresponds with a time period, i.e., month or
Quarter.
iii. The least squares method of computing the equation for a straight line going through the data of
Interest gives the "best fitting" line.

• 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) (i), (ii), and (iii) are all false statements.

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