Trends Representing Either Increasing or Decreasing Movements Over Many Years

question 8

True/False

Trends representing either increasing or decreasing movements over many years due to factors such as population growth,population shifts,cultural changes and income shifts are a component of a time series called "Random Variations".

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Definitions:

Accounting

The information system that identifies, records, and communicates the economic events of an organization to interested users.

Revenue Account

An account that tracks the income generated from normal business operations, such as sales of goods or services.