Examlex

Solved

The Linear Regression Trend Model Was Applied to a Time

question 21

Essay

The linear regression trend model was applied to a time series of sales data based on the last 16 months of sales.The following partial computer output was obtained:  Variable  Estimate  T Prob.  Intercept 18.1004.45.001 Time 3.24567.71.000\begin{array} { l c l l } & \text { Variable } & \text { Estimate } & \text { T Prob. } \\\text { Intercept } & 18.100 & 4.45 & .001 \\\text { Time } & 3.2456 & 7.71 & .000\end{array}
-What is the predicted value of y when t = 17?


Definitions:

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured.

Survivor Benefits

Financial benefits usually provided by government or private pension plans to the dependents of a deceased individual who qualified for the benefits.

Unemployment Compensation

Financial payments made to individuals who have lost their jobs, intended to provide temporary financial support.

Food Stamps

A government-issued voucher used by recipients to purchase food as part of the Supplemental Nutrition Assistance Program (SNAP), designed to assist low-income families and individuals.

Related Questions