Which of the following statements is false about trend patterns?
A)Trend is the long-term movement of data over time.
B)Damped trend occurs when the level of demand increases initially,but over the long run,it levels off.
C)Exponential decline occurs when each succeeding observation decreases by some constant factor.
D)Linear trend often occurs when new products are introduced.

Question

Quizplus · Accepted Answer

Linear trend does not necessarily occur when new products are introduced. The introduction of new products may lead to various trend patterns depending on the demand and market conditions.

Which of the Following Statements Is False About Trend Patterns