Section 1 - Instruction

As a quick reminder, charts show us trends (long-term direction), cycles (repeating patterns), and outliers (sudden shocks). Interpreting them means linking these patterns to real-world economic events.

Engagement Message

Are you ready to dive in?

Section 2 - Practice

Type

Multiple Choice

Practice Question

A time series chart of a company's quarterly profits shows a repeating pattern of being highest in the 4th quarter and lowest in the 1st quarter every year. This pattern is best described as:

A. A structural break B. A seasonal cycle C. An upward trend D. An outlier

Suggested Answers

  • A
  • B - Correct
  • C
  • D
Section 3 - Practice

Type

Fill In The Blanks

Markdown With Blanks

A chart of oil prices shows a sudden, massive spike that doesn't follow the previous trend. This point is an [[blank:outlier]] that likely represents an economic [[blank:shock]].

Suggested Answers

  • outlier
  • shock
  • trend
  • cycle
Section 4 - Practice

Type

Sort Into Boxes

Practice Question

Sort these economic events into the chart patterns they would most likely create.

Labels

  • First Box Label: Trend
  • Second Box Label: Outlier

First Box Items

  • Steady population rise
  • Gradual tech adoption
  • Increased life expectancy

Second Box Items

  • Pandemic lockdown
  • Major hurricane
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