The time series pattern that reflects a gradual shift or movement to a relatively higher or lower level over a longer time period is called the _____.
A) trend pattern
B) seasonal pattern
C) cyclical pattern
D) trend and seasonal pattern

Question

Quizplus · Accepted Answer

The gradual shift or movement to a relatively higher or lower level over a longer time period is a clear indication of a trend pattern in time series analysis. Seasonal pattern refers to the recurring pattern within a shorter time frame such as daily, weekly or monthly. Cyclical pattern is the fluctuation in time series with no set pattern. Therefore, the most appropriate choice is A) trend pattern.

The Time Series Pattern That Reflects a Gradual Shift or Movement