In which of the following, the time seri

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Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

In which of the following, the time series may show the gradual shifts to relatively higher or lower values over a long period of time?

Options:

Cyclical component

Irregular component

Seasonal component

Trend component

Correct Answer:

Trend component

Explanation:

The correct answer is Option (4) → Trend component

Gradual long-term upward or downward movement in a time series is called the trend.

final answer: Trend component