Question: Consider the following trend descriptions: i) Each year, sales increase by 1 million dollars ii) The first year sales increase by 1 million; during the
Consider the following trend descriptions:
i) Each year, sales increase by 1 million dollars
ii) The first year sales increase by 1 million; during the second year the increase is only 80% over the previous year, i.e. 800000; during the next year it is again 80% over the previous year, i.e. 640000; etc.
Based on the above information, which of the following statements is true?
a. Description i) indicates exponential trend
b. Description ii) indicates an exponential trend
c. Description i) indicates an exponential trend
d. Description ii) indicates a damping trend
e. Description i) indicates a damping trend
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