The following regression output is from a multiple regression model: The variables t,t2,and t3 represent the t,t-squared,and t-cubed respectively where t is the indicator of time from periods t = 1 to t = 20.Which of the following best describes the type of forecasting model that has been developed?
A)A complete third-order polynomial model
B)A tri-variate smoothed regression model
C)A nonlinear trend model
D)A qualitative regression model

Question

The following regression output is from a multiple regression model:  The variables t,t2,and t3 represent the t,t-squared,and t-cubed respectively where t is the indicator of time from periods t = 1 to t = 20.Which of the following best describes the type of forecasting model that has been developed?
A)A complete third-order polynomial model 
B)A tri-variate smoothed regression model 
C)A nonlinear trend model 
D)A qualitative regression model

Quizplus · Accepted Answer

The Answer of The following regression output is from a multiple regression model:  The variables t,t2,and t3 represent the t,t-squared,and t-cubed respectively where t is the indicator of time from periods t = 1 to t = 20.Which of the following best describes the type of forecasting model that has been developed?
A)A complete third-order polynomial model 
B)A tri-variate smoothed regression model 
C)A nonlinear trend model 
D)A qualitative regression model

The Following Regression Output Is from a Multiple Regression Model