A Long-Term Movement Up or Down in a Time Series

question 63

Multiple Choice

A long-term movement up or down in a time series is called:

• A)seasonality.
• B)trend.
• C)randomness.
• D)cycle.

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Definitions:

Frame of Reference

A set of criteria or stated values in relation to which measurements or judgments can be made.

Allocentric

An adjective describing perspectives or spatial representations not centered on the observer, but instead based on the environment or objects within it.

Egocentric

A perspective where an individual interprets the world solely from their own viewpoint, often neglecting or misunderstanding others' perspectives.

Three-dimensions

Pertaining to objects or spaces that have height, width, and depth, allowing them to be experienced or described in a fuller, more realistic manner.