Time-Series Data May Exhibit Which of the Following Behaviors

question 5

Multiple Choice

Time-series data may exhibit which of the following behaviors?

• A) Trend
• B) Seasonality
• C) Cycles
• D) Irregularities
• E) All of the answers choices are correct

---

Definitions:

Quantity

The amount or number of a material or immaterial good or service.

Average Fixed Cost

The fixed costs of production (expenses that do not change with the level of output) divided by the quantity of output produced.

Output

The total quantity of goods and services produced by an economy or a firm.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the quantity of output produced, a measure of per unit cost.