The Linear Regression Trend Model Was Applied to a Time

question 147

Essay

The linear regression trend model was applied to a time series sales data based on the last 24 months' sales.The following partial computer output was obtained. $$\begin{array} { l l l l } \text { Variable } & \text { Estimate } & \mathrm { T } & \text { Prob. } \\\text { Intercept } & 198.03 & 14.84 & .0001 \\\text { Time } & 8.07 & 8.65 & .0001\end{array}$$
-What is the predicted value of y when t = 25?

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Definitions:

Classical Conditioning

A learning process in which a neutral stimulus becomes associated with a meaningful stimulus and acquires the capacity to elicit a similar response.

Operant Conditioning

A method of instruction by which a behavior's force is adjusted by means of rewards or consequences.

Complex Human Behaviors

Behaviors that result from a combination of factors, including genetic, environmental, and psychological influences, and are not easily predicted or understood.

Rotter's Social Learning Theory

A psychological theory suggesting that the expectations of receiving a reward after observing others' behaviors influence one's own behavior.