I in the Linear Trend Equation, T Is Any Value

Multiple Choice

i. In the linear trend equation, t is any value that corresponds with a time period, i.e., month or
Quarter.
ii. The least squares method of computing the equation for a straight line going through the data of
Interest gives the "best fitting" line.
iii. If the sales, production or other data over a period of time tend to approximate a straight-line
Trend, the equation developed by the least squares method cannot be used to forecast sales for a
Future period.

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) (i) , (ii) , and (iii) are all false statements.