You Are the Entrepreneur and Have Just Finished an Important

question 33

Essay

You are the entrepreneur and have just finished an important pitch deck presentation.You are asked, "What if three to five years down the road we think you are not the right person to continue running this company-how will you address that?" How do you answer?

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Definitions:

Linear Trend

A consistent upward or downward slope in a dataset, indicating an increase or decrease in the variable over time.

Exponential Trend

A pattern of data that showcases growth or decay at a constantly increasing rate, often represented graphically as a curved line.

Autoregressive(2)

A type of statistical model used in time series analysis in which a variable's current value is predicted from its own previous values, using two time-lags.

Second-order Autoregressive Model

A stochastic process where the current value is based on a linear combination of the two immediately prior values plus an error term.