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    Business Statistics in Practice Study Set 1
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    Exam 16: Time Series Forecasting and Index Numbers
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    A Sustained Long-Term Change in the Level of the Variable
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A Sustained Long-Term Change in the Level of the Variable

Question 43

Question 43

Multiple Choice

A sustained long-term change in the level of the variable that is being forecasted per unit of time is:


A) A trend.
B) A time series.
C) Seasonality.
D) A change due to business cycles.

Correct Answer:

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