A secular trend is the:
A) annual pattern in sales or profits caused by weather, habit, or social custom.
B) predictable shock to the pace of economic activity caused by wars, strikes, natural catastrophes, and so on.
C) long-run pattern of increase or decrease in a series of economic data.
D) rhythmic variation in economic series that is due to expansion or contraction in the overall economy.
Correct Answer:
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Q5: A 5% growth trend with annual compounding:
A)
Q6: Which of the following forecasting methods is
Q7: If an economic time series is growing
Q8: The Delphi method:
A) employs interaction among experts
Q9: Econometric forecasting methods:
A) require explicit assumptions about
Q11: A panel consensus formed by providing feedback
Q12: Unpredictable shocks to the economic system are
Q13: Growth trend analysis assumes:
A) constant unit change
Q14: Social habits that produce an annual pattern
Q15: The forecasting technique least-suited for short term
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