A Systematic Increase or Decrease in the Mean of a Demand

question 23

Multiple Choice

A systematic increase or decrease in the mean of a demand time series is referred to as

• A) random variation.
• B) a seasonal pattern.
• C) a cyclical adjustment.
• D) a trend.

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Definitions:

Concept

An abstract idea or a general notion that represents the fundamental characteristics of what it describes.

Tertiary

Pertains to the third level or stage in a series; often refers to post-secondary education or the service sector in the economy.

Primary

Relating to the first or earliest stage, level, or period; often signifies something that is of most importance.

Secondary

Pertains to the second level or stage in a sequence, often referring to education that follows primary or elementary education.