In developing a simple linear regression model it is assumed that ...

[cdr_15]

In developing a simple linear regression model it is assumed that the distribution of error terms will be normally distributed for all levels of x.
 
  Indicate whether the statement is true or false

Question 2

You are given the following linear trend model: Ft = 345.60 - 200.5(t). The forecast for period 15 is approximately -2,662.
 
  Indicate whether the statement is true or false

[Jadwiga9]

Answer to Question 1

TRUE

Answer to Question 2

TRUE

[cdr_15]

Wow, this really help

[mjenn52]

Thanks for the timely response, appreciate it