In a time series, the variations which occur due to general tendency of the data to increase or decrease over a long term are known as: |
Cyclical Variations Secular Variations Irregular Variations Seasonal Variations |
Secular Variations |
The correct answer is Option (2) → Secular Variations In a time series, Secular Variations (or long-term trend) represent the general tendency of the data to increase or decrease over a long period of time, usually due to factors such as population growth, technological progress, or economic development. |