A time series with observed long-term upward movements in its values is said to have ________.
A) a cyclical component
B) an increasing trend component
C) a seasonally increasing component
D) a decreasing trend component

Question

Quizplus · Accepted Answer

An increasing trend component is the only option that fits the description given. A cyclical component would include both upward and downward movements, a seasonally increasing component would only have upward movements during certain periods of the year, and a decreasing trend component would show a decline in values over time.

A Time Series with Observed Long-Term Upward Movements in Its