The linear trend model is:
Yt = β0 + β1 t + et
The quadratic trend model, which can account for simple curvature in the data, is:
Yt = β0 + β1 t + β2 t2 + et
The exponential growth trend model accounts for exponential growth or decay. For example, a savings account might exhibit exponential growth.
Yt = β0 β1t + et
The data has an S-shape, which indicates that the direction of the change varies over time.
Yt = 10a / (β0 + β1 β2t )
Minitab uses the trend equation to calculate the forecast for specific time values. Data before the forecast origin are used to fit the trend.
Mean absolute percentage error (MAPE) measures the accuracy of fitted time series values. MAPE expresses accuracy as a percentage.
Mean absolute deviation (MAD) measures the accuracy of fitted time series values. MAD expresses accuracy in the same units as the data, which helps conceptualize the amount of error.
Mean squared deviation (MSD) is always computed using the same denominator, n, regardless of the model. MSD is a more sensitive measure of an unusually large forecast error than MAD.