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If you follow the Premier League games you understand in this league that's pretty much normal to see a team bring in the first place in the league even until the last weeks of the season but in the end, the other team wins the league and that does not surprising in the premier league because there is a hard race between all the teams.
I think even after the good performance we saw from Arsenal in the first week of the season and the weak performance we saw from this team in the last games, it doesn't still mean to say they are the only team got more chance for the title and I think still teams like Manchester City can have chance to take their place.
Premier League do have the intense competition among top teams that often leads to shifts in the league standings throughout the season. and the points different is so close betwen the top and even the fifth. This why teams shouldnt be judged not strong enoung when they are experiencing a bad form, because every team at top five has already experienced it, like Tottenham, for example, who led the standings for a while before they fell off to fifth straight away.
The dynamic nature of the league means that even after a team's strong performance in the early stages, the title race can remain wide open. I think Manchester City still remains the most favorite because of their capability to turn around performance in the second half of the season. They are known for their consistency and ability to perform under pressure.