The component of a time series which is attached to short term variation is:Review LaterCyclic variationSeasonal variationIrregular variationAll of the above
Question
The component of a time series which is attached to short term variation is:Review LaterCyclic variationSeasonal variationIrregular variationAll of the above
Solution
The component of a time series which is attached to short term variation is Seasonal variation.
Here's why:
-
A time series is a sequence of numerical data points in successive order. In statistics, four components are recognized in a time series: Trend, Seasonality, Cyclic variation, and Irregular variation.
-
Trend is the long term movement in a time series without considering seasonal variations.
-
Seasonal variation, as the name suggests, is a variation that repeats over a specific period such as a day, week, month, season, etc. It's a short-term variation in a time series where the period is fixed and known.
-
Cyclic variation is a fluctuation that occurs over longer time periods with no set repetition over a specific period.
-
Irregular variation is a
Similar Questions
Residual variations that remain in time series data after all other behaviours have been accounted for are referred to as:Multiple Choiceirregular variations.random variations.seasonality.cycles.
Which of the following time series components is associated with long-term movement in the data?a.Trendb.Seasonalityc.Cyclicald.RandomClear my choice
The moving averages and exponential smoothing methods are appropriate for a time series exhibiting _____.Group of answer choicesa cyclical patterna horizontal patterntrendsseasonal effects
Which of the following is NOT a characteristic of time series data?a.Seasonalityb.Trendc.Randomnessd.Cross-sectional variationClear my choice
In ratio to moving average method for seasonal indices, the ratio of an observed value to the moving average measure the influence of _________. a. both trend and cyclical variation b. both seasonal and irregular variation c. cyclical variation d. trend
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.