Describe the following time-series patterns: a. Horizontal Pattern b. Trend Pattern c. Seasonal Pattern d. Cyclical Pattern
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Describe the following time-series patterns:
a. Horizontal Pattern
b. Trend Pattern
c. Seasonal Pattern
d. Cyclical Pattern
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- Table 6 shows the year and the number ofpeople unemployed in a particular city for several years. Determine whether the trend appears linear. If so, and assuming the trend continues, in what year will the number of unemployed reach 5 people?A time series that shows a recurring pattern over one year or less is said to follow a a. horizontal pattern. b. stationary pattern. c. seasonal pattern. d. cyclical patternThe fire in a factory is an example of: O A. Seasonal movements O B. Cyclical variations C. Irregular variations D. Secular trend
- In the theory of time series, earthquakes can be considered as a. Seasonal Variation b. Cyclical Variation c. Irregular Variations d. Secular TrendThe time series pattern that exists when the data fluctuate around a constant mean is the ______________. A. horizontal pattern. B. seasonal pattern. C. cyclical pattern. D. trend pattern.In time series, seasonal variations can occur within a period of: A. Three years B. One year O C. Nine years D. Four years
- For the hawkins company, the monthly percentages of all shipments received on timeover the past 12 months are 80, 82, 84, 83, 83, 84, 85, 84, 82, 83, 84, and 83.a. construct a time series plot. What type of pattern exists in the data?The median home value in Mississippi and Nevada (adjusted for inflation) are shown below. Year Mississippi Nevada 1950 25200 53700 2000 71400 142000 If we assume that the house values are changing linearly, a) In which state have home values increased at a higher rate? Select an answer b) If these trends were to continue, what would be the median home value in Mississippi in 2010? c) If we assume the linear trend existed before 1950 and continues after 2000, the two states' median house values will be (or were) equal in what year? (The answer might be absurd) The year %24The component of a time series attached to long term variations is termed as O a. Secular trend O b. Seasonal trend O c. Cyclic variation O d. Random variation
- the values of alabama building contracts (in $ millions) for a 12-month period follow.240 350 230 260 280 320 220 310 240 310 240 230a. construct a time series plot. What type of pattern exists in the data?Consider the following time series data: Quarter 1 2 3 4 Year1 6 Cyclical pattern 2 3 5 O Trend pattern without seasonality Year2 O Horizontal pattern O Trend with seasonal pattern 6 3 Construct a time series plot, what type of pattern exists in the data? 5 7 Year3 7 6 6 816. Recurrent upward and downward movements in a time series are called_________________. a. Secular Trend b. Irregular Variations c. Seasonal Variations d. Cyclical Variations
