The ________ Component of a Time Series Reflects the Long-Run

question 144

Multiple Choice

The ________ component of a time series reflects the long-run decline or growth in a time series.

• A) trend
• B) seasonal
• C) cyclical
• D) irregular

---

Definitions:

Correlation Coefficient

A statistical measure that indicates the extent to which two variables fluctuate together, showing the strength and direction of their relationship.

Correlation Coefficient

A statistical measure that calculates the strength and direction of a linear relationship between two variables.

Inverse Correlation

A relationship between two variables in which they move in opposite directions; as one variable increases, the other decreases.

Independent Variable

A variable that is manipulated in an experiment to observe its effect on the dependent variable.