Which of the four time series components is more likely to exhibit the steady growth of the population of the United States from 1950 to 2000?
A) Trend
B) Cyclical
C) Seasonal
D) Random variation

Name: Which of the four time series components is more likely to exhibit the steady growth of the population of the United States from 1950 to 2000? A) Trend B) Cyclical C) Seasonal D) Random variation
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Question

Quizplus · Accepted Answer

Steady growth over a long period of time is indicative of a trend component.

Which of the Four Time Series Components Is More Likely