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The upward or downward movement that characterizes a time series over a period of time is...

The upward or downward movement that characterizes a time series over a period of time is referred to as _____________.

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Answer #1

Trend refers to the upward or downward movement that characterizes a time series over a period of time. That is, a long-run growth or decline in the time series. Some factors that affect trend are:

• Technological change in the industry

• Changes in consumer tastes

• Market growth
• Inflation or deflation, etc.

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