Seasonal Patterns

question 40

Multiple Choice

Seasonal patterns

• A)cannot be predicted.
• B)are regular repeated patterns.
• C)are multiyear runs of observations above or below the trend line.
• D)reflect a shift in the time series over time.

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Definitions:

Regression Line

A line through a scatter plot of data points that best expresses the relationship between those points, often used in predictive analytics.

The Intercept

In the context of linear regression, it represents the value of the dependent variable when all independent variables are zero.

Predicted Point

An estimated value derived from a statistical model indicating where a data point should fall based on the model's parameters.

Regression Line

A line drawn through a scatter plot of data points that best expresses the linear relationship between those points.