Which of the following statements is true about the secular trend in a time series?a.It remains constant over time.b.It exhibits a predictable pattern that repeats itself at regular intervals.c.It is unrelated to the time of yeard.It is not relevant for time series analysisClear my choice
Question
Which of the following statements is true about the secular trend in a time series?a.It remains constant over time.b.It exhibits a predictable pattern that repeats itself at regular intervals.c.It is unrelated to the time of yeard.It is not relevant for time series analysisClear my choice
Solution
The true statement about the secular trend in a time series is:
b. It exhibits a predictable pattern that repeats itself at regular intervals.
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