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
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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
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
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
