The Linear Regression Trend Model Was Applied to a Time

question 152

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. $$\begin{array} { l l l l } \text { Variable } & \text { Estimate } & \mathrm { T } & \text { Prob. } \\\text { Intercept } & 198.03 & 14.84 & .0001 \\\text { Time } & 8.07 & 8.65 & .0001\end{array}$$
-Write the prediction equation.

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Definitions:

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities.

Accounting Error

A mistake in the financial records of an entity, which could be due to mathematical mistakes, misinterpretations, or oversight in the accounting processes.

Exert Influence

The ability to affect the decisions, actions, or behaviors of others, often seen in corporate or organizational settings.

Investee Company

A company in which an investor holds a significant interest but not majority control, usually through the ownership of shares.