Which of the following statement is true about time series
components?
a) Trend reflects the long-run growth or decline in the time
series.
b) Seasonality refers to recurring up-and-down movements around the
trend.
c) Cycle refers to periodic up and down movements that repeat
within the calendar year.
d) Irregular fluctuations refer to very short-run movements that
follow a specific pattern.
Which of the following statement is true about time series components? a) Trend reflects the long-run growth or decline
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Which of the following statement is true about time series components? a) Trend reflects the long-run growth or decline
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