Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

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:

Options:

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

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

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

(C) and (D) only

Correct Answer:

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

Explanation:

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