Trend Analysis of Company X's Sales

Very Hard Analysis Techniques Trend Analysis

For the past five years, Company X has reported the following sales figures (in millions):

Year 1: $500 million

Year 2: $550 million

Year 3: $605 million

Year 4: $615 million

Year 5: $630 million

Using trend analysis, which of the following statements is the most accurate interpretation of Company X's sales trend over this five-year period?

Sales are consistently increasing, but the rate of growth has declined since Year 3.

Sales show volatility with periods of growth and decline, indicating an unstable market position.

Sales have stabilized at a peak level, indicating that the company has reached market saturation.

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