The Time Series Graph Below Shows Annual Sales Figures (In

question 22

Multiple Choice

The time series graph below shows annual sales figures (in thousands of dollars)
For a well known department store chain. The dominant component in these data is

• A) Trend
• B) Seasonal
• C) Randomness
• D) Irregular
• E) Error

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Definitions:

Cheques

Written orders to a bank to pay a specified amount from the writer's account to the person in whose name the cheque has been issued.

BAT Model

A behavioral approach to understanding and modeling how consumers make purchasing decisions, considering factors such as beliefs, attitudes, and traditions.

Disbursements

Money paid out by a business or organization for various purposes, including operating expenses, investments, and dividends.

Fixed Cost

Costs that do not fluctuate with changes in production level or sales volume, such as rent or salaries.