Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Question:

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?

Options:

Seasonal

Cyclic

Irregular

Secular

Correct Answer:

Irregular

Explanation:

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.