The Time Series Component That Reflects the Irregular Changes in a Time

question 170

Multiple Choice

The time series component that reflects the irregular changes in a time series that are not caused by any other component,and tends to hide the existence of the other more predictable components,is called:

• A)long-term trend
• B)cyclical variation
• C)seasonal variation
• D)random variation

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Definitions:

Trustworthiness

The quality of being reliable, dependable, and worthy of trust, critical in building and maintaining relationships in both personal and professional contexts.

Management Process

A systematic approach to planning, organizing, leading, and controlling an organization's resources to achieve its objectives.

Planning and Budgeting

The process of defining an organization's goals, establishing strategies to achieve those goals, and allocating resources accordingly.

Controlling

The management function that involves monitoring performance, comparing it with goals, and taking corrective action as needed.