The Linear Regression Trend Model Was Applied to a Time

question 82

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. $$\begin{array} { l l l l } \text { Variable } & \text { Estimate } & \mathrm { T } & \text { Prob. } \\\text { Intercept } & 198.03 & 14.84 & .0001 \\\text { Time } & 8.07 & 8.65 & .0001\end{array}$$
-Test the significance of the time term at ? =.05.State the critical t value and make your decision using a two-sided alternative.

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Definitions:

Posterior Temporal Lobe

A region of the brain located at the lower back part of the temporal lobe, important for processing auditory information and encoding memory.

Procedural Memory

A form of memory that lasts for a long time, dedicated to remembering the processes and techniques involved in performing various tasks and abilities.

Declarative Memory

A type of long-term memory that involves the conscious recall of facts and events.

Episodic Memory

A type of long-term memory that involves the recollection of specific events, situations, and experiences.