If the Trend Equation Is Ŷ = 10 + 100t

question 98

True/False

If the trend equation is Ŷ = 10 + 100t, the forecasted value increases 100 units for the next time period, t.

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Definitions:

Independent Variable (IV)

A variable in an experiment that is manipulated by the researcher to observe its effect on the dependent variable.

Levels

Refers to the different values or states that an independent variable can take on in an experiment or study.

Main Effects

are the direct impacts of each independent variable on the dependent variable in an experimental study, disregarding interactions between variables.

Judgments of Responsibility

Evaluations or decisions made regarding the extent to which individuals or groups are accountable for actions or outcomes.