Question 23
MediumOriginal questionSales of landline phones have fallen steadily for twenty years. Which component of a time series is this?
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
A steady movement in one direction over a long period is the secular trend.
So this is secular trend.
Worth noting
A trend can fall as well as rise; what makes it a trend is the long, steady direction.
- Concept
- Secular trend
- Typical timeTypical
- 90 s
- Your timeYours
- —
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