Trend variation in a time series would most likely be characterized as?
A) Rapidly decreasing demand
B) Gradually increasing demand
C) Gradually increasing or decreasing demand
D) Demand pattern influenced by seasonal factors

Question

Quizplus · Accepted Answer

Trend variation in a time series refers to the long-term movement in the data. This movement can be gradual and either increasing or decreasing, which is represented by choice C. Rapidly decreasing demand (choice A) would indicate a sudden and significant drop in demand, which is not necessarily related to trend variation. Gradually increasing demand (choice B) would not account for the possibility of a decreasing trend. Finally, seasonal factors (choice D) may influence demand patterns, but they are not necessarily indicative of trend variation.

Trend Variation in a Time Series Would Most Likely Be