I in the Linear Trend Equation, the Letter "B" Is

Multiple Choice

i. In the linear trend equation, the letter "b" is the average change in t for each change of one unit (either increase or decrease) in y.
ii. In the linear trend equation, t is any value that corresponds with a time period, i.e., month or quarter.
iii. The least squares method of computing the equation for a straight line going through the data of interest gives the "best fitting" line.

A) (i) , (ii) and (iii) are all correct statements
B) (i) and (ii) are correct statements, but not (iii) .
C) (i) and (iii) are correct statements but not (ii) .
D) (ii) and (iii) are correct statements but not (i) .
E) All statements are false