Which of the Four Time Series Components Is More Likely

question 78

Multiple Choice

Which of the four time series components is more likely to exhibit the relative steady growth of the population of Las Vegas from 1964 to 2004?

• A)Long-term trend
• B)Cyclical variation
• C)Seasonal variation
• D)Random variation

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Definitions:

Infrastructure

Refers to the basic physical and organizational structures and facilities (e.g., buildings, roads, power supplies) needed for the operation of a society or enterprise.

Usage

The manner and frequency with which a product or service is used by consumers.

Operational Decision

A choice made in the day-to-day functioning of a company that affects how tasks and activities are performed.

Transportation

The movement of goods from one location to another, which can influence cost, efficiency, and delivery times in the supply chain.