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Author Question: Which is not true regarding trend patterns? a. Can result when business conditions shift to a new ... (Read 55 times)

ereecah

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on: Jun 24, 2018
Which is not true regarding trend patterns?
 a. Can result when business conditions shift to a new level at some point in time.
  b. Exist when there are gradual shifts of values over long periods of time.
  c. Can result from factors such as improving technology or changes in consumer preferences.
  d. Can represent non-linear relationships.

Question 2

A disadvantage of stacked-column charts and stacked-bar charts is that
 a. they do not include all the values of the variable.
  b. they cannot be used to compare relative values of quantitative variables for the same category.
  c. it can be difficult to perceive small differences in areas.
  d. they are only used when many quantitative variables need to be displayed.


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mcabuhat

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Reply #1 on: Jun 24, 2018
Answer to Question 1

a
RATIONALE: A trend is usually the result of long-term factors such as population increases or decreases, shifting demographic characteristics of the population, improving technology, changes in the competitive landscape, and/or changes in consumer preferences. Time series may also increase in a nonlinear fashion, meaning the percentage change from one period to the next is relatively constant.

Answer to Question 2

c
RATIONALE: Stacked column and bar charts suffer from the same difficulties as pie charts because the human eye has difficulty perceiving small differences in areas.


ereecah

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Reply #2 on: Jun 24, 2018
Thank you


mcabuhat

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Reply #3 on: Jun 24, 2018
No problemo


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