A Linear Trend Means That the Time Series Variable Changes

question 2

Multiple Choice

A linear trend means that the time series variable changes by a:

• A) constant amount each time period
• B) constant percentage each time period
• C) positive amount each time period
• D) negative amount each time period

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Definitions:

Total Utility

The total satisfaction or benefit that a consumer derives from consuming a certain quantity of goods and services.

Marginal Utility

The change in total satisfaction or pleasure derived from consuming one more unit of a good or service.

Total Utility

The overall satisfaction or benefit a customer receives from consuming a particular good or service.

Marginal Utility

The increased happiness or usefulness gained by consuming an additional unit of a good or service.