Examlex
The typical cost curves are U-shaped due to the
Systematic Patterns
Regular and predictable behaviors or formations that follow a determined order within a data set or observed phenomena.
Moving Average
A statistical method to analyze data points by creating a series of averages of different subsets of the full data set.
Yearly Observations
Refers to data points or measurements that are collected once every year.
Trend
A general direction in which something is developing or changing, observed in data over time.
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