I in a Time Series Analysis, the Letter "A" in the Linear

question 1

Multiple Choice

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.

• 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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Definitions:

Members

Individuals or entities that are part of a group, organization, or system with certain rights, responsibilities, or roles.

Public Sector

The portion of an economy that is controlled by the government, including various government services and enterprises.

Unionized

Pertains to workers who are members of a union, which negotiates collective bargaining agreements.

Monopsonist

A market condition where there is only one buyer for a product or service, giving them greater control over prices.