A sustained long-term change in the level of the variable that is being forecasted per unit of time is
A) a trend.
B) a time series.
C) seasonality.
D) a change due to business cycles.

Name: A sustained long-term change in the level of the variable that is being forecasted per unit of time is A) a trend. B) a time series. C) seasonality. D) a change due to business cycles.
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Question

Quizplus · Accepted Answer

A trend is a sustained long-term change in the level of the variable that is being forecasted per unit of time.

A Sustained Long-Term Change in the Level of the Variable