Which of the Four Time-Series Components Is Most Likely to Exhibit

question 112

Multiple Choice

Which of the four time-series components is most likely to exhibit the steady growth of the population of Australia from 1945 to 1995?

• A)Trend.
• B)Cyclical.
• C)Seasonal.
• D)Random variation.

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Definitions:

Adjustment Message

Communication designed to inform about alterations in services, policies, or agreements, often aiming to resolve issues or update stakeholders.

Apology

An expression of regret or sorrow for having wronged someone, usually accompanied by an attempt to make amends for the actions.

Claim Message

A communication, often in written form, asserting a right or demand for resolution, typically in business or legal contexts.

Banquet

A large, formal meal for many people, often followed by speeches or entertainment.