On which of the following components, the pattern and behavior of the data in any time series is based?
(A). Secular trend component
(B). Seasonal component
(C). Cyclical component
(D). Regular component
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → (A), (B) and (C) only
The pattern and behaviour of data in a time series are studied on the basis of its components.
These components are
Secular trend component
Seasonal component
Cyclical component
There is no component known as regular component.
The correct options are (A), (B) and (C).