A time series plot of a period of time (in years) verses revenue (in millions of dollars) is shown below .Which of the following data patterns best describes the scenario shown?
A)Linear trend pattern
B)Nonlinear trend pattern
C)Seasonal pattern
D)Cyclical pattern

Question

A time series plot of a period of time (in years) verses revenue (in millions of dollars) is shown below .Which of the following data patterns best describes the scenario shown? 
A)Linear trend pattern 
B)Nonlinear trend pattern 
C)Seasonal pattern 
D)Cyclical pattern

Quizplus · Accepted Answer

The plot shows a nonlinear trend pattern as the revenue is not increasing or decreasing in a linear fashion over time. Instead, it has a gradual increase followed by a sharp increase, then a gradual decrease before another sharp increase. There is no evidence of a cyclical or seasonal pattern.

A Time Series Plot of a Period of Time (In