A company is shut down due to unavailability of electricity due to non payment of electricity Bill because of some unavoidable circumstances. Under which component of time series does this situation fall? |
Seasonal Cyclic Irregular Secular |
Irregular |
The correct answer is Option (3) → Irregular This situation is due to an unexpected and irregular event affecting the production temporarily. Such random and unpredictable variations fall under the Irregular component of time series. |