The Linear Regression Trend Model Was Applied to a Time

Essay

The linear regression trend model was applied to a time series sales data based on the last 24 months' sales.The following partial computer output was obtained. $$\begin{array} { l l l l } \text { Variable } & \text { Estimate } & \mathrm { T } & \text { Prob. } \\\text { Intercept } & 198.03 & 14.84 & .0001 \\\text { Time } & 8.07 & 8.65 & .0001\end{array}$$
-Test the significance of the time term at ? =.05.State the critical t value and make your decision using a two-sided alternative.