EduFarming
Your list · 0हिं

Type at least two letters. Press Esc to close.

↑↓ navigate↵ openTAB cycle filter

Time Series & Trend · Question 23 of 68

Question 23

MediumOriginal question

Sales of landline phones have fallen steadily for twenty years. Which component of a time series is this?

Options for question 23

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. A steady movement in one direction over a long period is the secular trend.

  2. 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 time
90 s
Your time
—
The rule this testsComponents of a time series
Practise this chapter →

Ten questions from Time Series & Trend, at your own pace.

Practise this chapter →

Ten questions from Time Series & Trend, at your own pace.