BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Trend refers to ____
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the long-run shift or movement in the time series observable over several periods of time.
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the outcome of a random experiment
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the recurring patterns observed over successive periods of time
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the short-run shift or movement in the time series observable for some specific period of time
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Explanation:
Detailed explanation-1: -Trend is a pattern in data that shows the movement of a series to relatively higher or lower values over a long period of time. In other words, a trend is observed when there is an increasing or decreasing slope in the time series.
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