Which of the following data patterns best describes the scenario shown in the given time series plot?
a. Linear trend pattern
b. Nonlinear trend pattern
c. Seasonal pattern
d. Cyclical pattern
Ans: b. Nonlinear trend pattern
Business
a. Linear trend pattern
b. Nonlinear trend pattern
c. Seasonal pattern
d. Cyclical pattern
Ans: b. Nonlinear trend pattern