Question: A fundamental distinction between trend projection and linear regression is that trend projection uses two smoothing constants, not just one. trend projection can be a
A fundamental distinction between trend projection and linear regression is that
| trend projection uses two smoothing constants, not just one. | ||
| trend projection can be a function of several variables, while linear regression can only be a function of one variable. | ||
| trend projection uses least squares while linear regression does not. | ||
| only linear regression can have a negative slope. | ||
| in trend projection the independent variable is time; in linear regression the independent variable need not be time, but can be any variable with explanatory power. |
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