A Time Series Plot of a Period of Time (In

question 53

Multiple Choice

A time series plot of a period of time (in years) verses revenue (in millions of dollars) is shown below .Which of the following data patterns best describes the scenario shown?

• A)Linear trend pattern
• B)Nonlinear trend pattern
• C)Seasonal pattern
• D)Cyclical pattern

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Definitions:

Administrative Agencies

Government bodies responsible for the regulation and oversight of specific areas of public and economic policy.

Legislation

Laws passed by a governing body, such as a parliament or congress, that regulate, authorize, forbid, or sanction certain actions.

Land Development

The process of improving land for residential, commercial, or industrial use.

Municipal

Relating to a city or town or its governing body.