Question

14. Time series where a general upward or downward movement can be observed (or is present) in the data are called a) Trend b) Cycles c) Randon variation d)
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Answer #1

The answer is option (A).

(a)Trend – In a trend analysis of time series the graph can fluctuate from upward to downward movement. For example let us consider, the yearly trend of a sweater company, during winter time there will be an upward trend due to rise in sales, but in summer time there will be an decrease in trend or downward trend due to decrease in sales.

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