Match List I with List II LIST I

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Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

Match List I with List II

LIST I		LIST II
A.	CYCLICAL COMPONENT	I.	It is also known as trend series, is smooth, regular and long term variance of series, observed over a long period of time.
B.	SECULAR TREND COMPONENT	II.	Fluctuations are unaccountable, unpredictable or sometimes caused by unforeseen circumstances
C.	IRREGULAR COMPONENT	III.	Time series shows an oscillatory movement where period of oscillation is more than one year.
D.	SEASONAL COMPONENT	IV.	When time series captures the periodic variability in the data, capturing regular pattern of variability within one-year. The main cause can be climate change etc.

Choose the correct answer from the options given below :

Options:

A-IV, B-I, C-II, D-III

A-III, B-IV, C-II, D-I

A-IV, B-III, C-I, D-II

A-III, B-I, C-II, D-IV

Correct Answer:

A-III, B-I, C-II, D-IV

Explanation:

The correct answer is Option (4) → A-III, B-I, C-II, D-IV

LIST I		LIST II
A.	CYCLICAL COMPONENT	III.	Time series shows an oscillatory movement where period of oscillation is more than one year.
B.	SECULAR TREND COMPONENT	I.	It is also known as trend series, is smooth, regular and long term variance of series, observed over a long period of time.
C.	IRREGULAR COMPONENT	II.	Fluctuations are unaccountable, unpredictable or sometimes caused by unforeseen circumstances
D.	SEASONAL COMPONENT	IV.	When time series captures the periodic variability in the data, capturing regular pattern of variability within one-year. The main cause can be climate change etc.