Use the Data Given Below to Answer the Following Question(s)

question 13

Multiple Choice

Use the data given below to answer the following question(s) .
The table provided below gives the sales details of the number of android smart phones at an electronic retail store for the past 6 weeks. The time series appears to be relatively stable, without trend, seasonal, or cyclical effects. (Hint: Optimize α value in 0.1 increments) $$\begin{array} { | c | c | } \hline \text { Week } & \text { Units sold } \\\hline 1 & 88 \\\hline 2 & 44 \\\hline 3 & 54 \\\hline 4 & 65 \\\hline 5 & 72 \\\hline 6 & 85 \\\hline\end{array}$$
-In the linear trend equation Ft+k = at + btk, identify the term that signifies the trend.

• A) bt
• B) k
• C) at
• D) Ft + k

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Definitions:

Good X

A placeholder term used to represent any market commodity or product for the sake of economic analysis or discussion.

Income

Total earnings derived from labor, investments, and any other source, typically discussed in the context of individuals or households.

Income

Funds accrued regularly from work performed or assets invested.

Good Y

Typically used in economics as an arbitrary designation for a commodity or product in theoretical models and analysis.