The pattern and behavior of the data in any time series are based on which of the following components:
(A) Secular trend component
(B) Seasonal component
(C) Cyclical component
(D) Irregular component
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → (A), (B), (C) and (D)
The pattern and behavior of data in a time series depend on all four components:
(A) Secular trend component, (B) Seasonal component, (C) Cyclical component, (D) Irregular component