A time-series plot that exhibits a general increase in value from the early periods to the latest time periods:
A) most likely is exhibiting a cyclical component.
B) has a trend component present in the data.
C) will probably start to decline in a few periods.
D) has a seasonal component present in the data

Question

Quizplus · Accepted Answer

A time-series plot that shows a general increase in value from the early periods to the latest time periods is indicative of a trend component, which reflects long-term progression in the data.

A Time-Series Plot That Exhibits a General Increase in Value