All of the Following Were Considered a New-To-The-World Product or Service

question 36

Multiple Choice

All of the following were considered a new-to-the-world product or service when introduced except

• A) Wi-Fi.
• B) the Mercedes mini sport utility vehicle, a smaller version of its larger SUVs.
• C) Microsoft's Windows operating system.
• D) the MP3 player.
• E) flat-screen TVs.

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Definitions:

Cyclical Variation

Fluctuations in statistical or economic data that occur over regular periods due to seasonal, quarterly, or other cyclical patterns.

Deseasonalize

The process of removing seasonal effects from a dataset to better identify trends.

Centered Moving Average

A method of smoothing data by calculating averages of different subsets of the full data set to identify trends.

Quadratic Model

A statistical or mathematical model in which the relationship between the dependent variable and one or more independent variables is represented by a second-degree polynomial.