Trend projection is a forecasting technique that projects into the future a linear regression equation that best fits the data in a time series.

Name: Trend projection is a forecasting technique that projects into the future a linear regression equation that best fits the data in a time series.
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Question

Quizplus · Accepted Answer

Trend projection involves using historical data to fit a linear regression model, which is then used to forecast future values based on the trend identified in the data.

Trend Projection Is a Forecasting Technique That Projects into the Future