Which of the four time-series components is most likely to exhibit the steady growth of the population of Australia from 1945 to 1995?
A)Trend.
B)Cyclical.
C)Seasonal.
D)Random variation.

Question

Quizplus · Accepted Answer

The trend component represents the long-term growth or decline of a time series. The steady growth of the population of Australia from 1945 to 1995 is best represented by the trend component.

Which of the Four Time-Series Components Is Most Likely to Exhibit