Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

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:

Options:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(C) and (D) only

Correct Answer:

(A), (B) and (C) only

Explanation:

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).