Gradual, Long-Term Movement in Time-Series Values Is Called

question 29

Multiple Choice

Gradual, long-term movement in time-series values is called:

• A) seasonal variation.
• B) trend.
• C) cycles.
• D) irregular variation.
• E) random variation.

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Definitions:

Square Root

A value that, when multiplied by itself, gives the original number. It is often represented as \(\sqrt{x}\) for a number \(x\).

Ranges

The difference between the maximum and minimum values in a data set, indicating the spread of values.

Coefficient of Variation

A standardized measure of dispersion of a probability distribution or frequency distribution, calculated as the ratio of the standard deviation to the mean.

Range

The difference between the largest and smallest values in a data set.