Which of the Following Is Not an Example of a Time

question 51

Multiple Choice

Which of the following is not an example of a time series?

• A) Hourly volume of stocks traded on the New York Stock Exchange (NYSE) on the five last trading days.
• B) The number of daily visitors that frequent the Statue of Liberty during the month of July.
• C) The monthly sales for a retailer over a five-year period.
• D) The current temperature in the 49 state capitals.

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Definitions:

Economies of Scale

Refers to the cost advantage achieved when production becomes efficient, as the scale of the output expands, typically resulting in a reduction in average cost per unit through increased production efficiency.

Cycle Inventory

Inventory that turns over regularly in the course of business operations, representing the portion of inventory intended to meet normal demand.

Supply Chain

The network between a company and its suppliers to produce and distribute a specific product to the final buyer.

Cycle Inventory

Inventory maintained to cater to the expected demand of customers over a given cycle time, effectively acting as a buffer to ensure smooth operations.