Asked by Sumaya Hassan on Jun 19, 2024
Verified
The easiest way of measuring the long-term trend is by regression analysis,where time is the dependent variable.
Regression Analysis
is a statistical method for investigating and modeling the relationship between variables.
Dependent Variable
The factor in a model or experiment predicted to vary as a result of modifications in the independent variables.
- Apply techniques for measuring the long-term trend in time series data.
Verified Answer
NC
Nancy corporanJun 23, 2024
Final Answer :
False
Explanation :
In regression analysis for measuring long-term trends, time is typically the independent variable, and the variable of interest (e.g., sales, temperature) is the dependent variable.
Learning Objectives
- Apply techniques for measuring the long-term trend in time series data.
Related questions
{Ebay Storefront Sales Narrative} Calculate the Percentage of Trend for ...
{Coffee Imports Narrative} Calculate the Percentage of Trend
The Time Series Component That Reflects a Wavelike Pattern Describing ...
Which of the Following Statements Is False ...
In Line Charts Showing Trends,the Vertical Axis Indicates Time or ...