Which of the following statements regarding components of a time series are true

Monday July 25, 2022

Which of the following statements regarding components of a time series are true? (Check all that apply.)Answer Trend is a constant or steady increase or decrease in the data/measurements over time.Cyclical variation is gradual movement around the trend line that is always attributable (caused by) the business cycle and economic conditions.Seasonal variation is unpredictable increases and decreases that occur within a calendar year.Irregularity is what is left after taking into account Trend Cyclical and Seasonal behavior. It has no observable patterns. It is random.


Get a custom answer for this and any question related to academic

Order Now
Order a Custom Paper
By placing an order, you agree to our terms & conditions