A time-series graph also reveals whether the variable has a trend. A trend is a general tendency

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A time-series graph also reveals whether the variable has a trend. A trend is a general tendency for the value of a variable to rise or fall over time. You can see that the price of coffee had a general tendency to fall from 1980 to late in 2000. That is, although the price rose and fell, it had a general tendency to fall.

With a time-series graph, we can compare different periods quickly.

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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