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Time Series & Trend · Question 47 of 68

Question 47

EasyOriginal question

The trend line of a product's sales is y=85−2.5xy = 85 - 2.5x, with xx in years. What does it say?

Options for question 47

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. The slope is the change in yy for each year.

  2. −2.5-2.5 means the trend falls by 2.5 units a year; 85 is the trend value at x=0x = 0.

Concept
The meaning of the slope
Typical time
60 s
Your time
—
The rule this testsA straight-line trend by least squares
Practise this chapter →

Ten questions from Time Series & Trend, at your own pace.

Practise this chapter →

Ten questions from Time Series & Trend, at your own pace.