I in the Linear Trend Equation, T Is Any Value

question 23

Multiple Choice

i. In the linear trend equation, t is any value that corresponds with a time period, i.e., month or quarter. ii. The least squares method of computing the equation for a straight line going through the data of interest gives the "best fitting" line.
iii. If the sales, production or other data over a period of time tend to approximate a straight-line trend, the equation developed by the least squares method cannot be used to forecast sales for a future period.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Histrionic

Pertaining to a personality pattern characterized by dramatic, attention-seeking, emotional, and erratic behavior.

Borderline

Often refers to Borderline Personality Disorder (BPD), which is a mental illness characterized by intense mood swings, impulsive behaviors, and difficult interpersonal relationships.

Impulsive Behaviour

Actions performed with little forethought or consideration of the consequences, often driven by immediate desires or emotional responses.

Overdramatizing

The act of exaggerating situations, emotions, or reactions to create a more dramatic effect than the reality warrants.