A Company Has Recorded Annual Sales (In $Thousands) for the Past

question 6

Multiple Choice

A company has recorded annual sales (in $thousands) for the past 14 years and found the following linear trend model: = 5.23 + 144.60 t. This means that

• A) on average, sales are increasing by $144.6K per year.
• B) on average, sales are increasing by $5.23K per year.
• C) there is a seasonal component in the data.
• D) sales in year one were $5.23K.
• E) there is a cyclical component in the data.