The behavior and pattern of the data in a time series is NOT based on which of the following component?
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → Stable component
The behaviour of a time series is explained by its four components: the secular trend, seasonal variations, cyclical variations and irregular variations.
The secular trend, irregular and cyclic components (Options (1), (2) and (3)) are three of these. There is no “stable component” among the components of a time series, so the pattern of the data is not based on it.
CBSE Applied Mathematics (Class XII):
Time Series Analysis
