In Time Series Analysis, the _____ Component Indicates the Long-Term

question 31

Multiple Choice

In time series analysis, the _____ component indicates the long-term general direction of the data.

• A)trend
• B)cycle
• C)seasonal
• D)irregular
• E)causal

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Definitions:

Direct Labour Hour

Direct labour hour is a measure of the amount of time workers spend on direct production activities, directly involved in manufacturing goods or providing services.

Manufacturing Overhead

Manufacturing expenses not directly linked to individual product units, encompassing indirect materials and labor.

Predetermined Overhead Rate

An estimated rate used to assign manufacturing overhead costs to products based on a specific activity base, like machine hours or labor hours.

Direct Labour-Hours

The total man-hours expended by workers directly involved in the manufacturing process.