Your company is conducting forecasting that revolves around population growth in large cities. This type of forecasting can be referred to as what component of a time series?

Question

Business

Anika Leach

24 December, 04:53

Your company is conducting forecasting that revolves around population growth in large cities. This type of forecasting can be referred to as what component of a time series?

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Answers (2)

Know the Answer?

Dania Zamora · Answer 1

The correct answer is letter "B": Trend Variations.

Explanation:

There are four (4) components of Time Series dа ta: Seasonal effects, Cyclical changes, Trend variations, and Irregular fluctuations. Trend variations are long term changes. Defining the term "long-term" depends on the timeframe available in the study. The subject of the study tends to be technology, populations, and wealth. The pattern of the variation could shift upwards or downwards.

Beau Barry · Answer 2

The correct answer is Trend Variation.

Explanation:

The trend variation model is an optimal model for demand patterns that present a cyclical behavior and that in turn present a trend, for example the demand for school supplies, which has a cyclical behavior in accordance with the school calendar and that It may, at any given moment, present an increasing trend in relation to sales made in the same month, year after year.