Match List-I with List-II
|
List-I (Example) |
List-II (Components of Time Series) |
|
(A) Lockouts and strikes |
(I) Secular trend |
|
(B) Rise and fall of share market |
(II) Seasonal trend |
|
(C) Continuous decline in death rate |
(III) Irregular trend |
|
(D) The rise in prices before Diwali |
(IV) Cyclical trend |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → (A)-(III), (B)-(IV), (C)-(I), (D)-(II)
Matching with Explanation(A) Lockouts and strikes → (III) Irregular trend
Explanation: Lockouts and strikes are unpredictable events affecting the time series irregularly.
(B) Rise and fall of share market → (IV) Cyclical trend
Explanation: Share market movements often follow long-term cycles, showing periodic rises and falls.
(C) Continuous decline in death rate → (I) Secular trend
Explanation: Continuous decline over a long period indicates a long-term upward or downward trend, i.e., secular trend.
(D) The rise in prices before Diwali → (II) Seasonal trend
Explanation: Price rises before Diwali occur regularly every year, representing a seasonal variation.