A _________ Component Is Defined as the Unpredictable Movements in a Time

question 166

Multiple Choice

A _________ component is defined as the unpredictable movements in a time series that cannot be attributed to either trend, seasonal, or cyclical components.

• A)business
• B)dummy
• C)forecasted
• D)random

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Definitions:

Market

Any structure that allows buyers and sellers to exchange types of goods, services, and information.

Factor Market

This refers to markets where services of the factors of production (not the actual products) such as labor, capital, and land are bought and sold.

Resources

Inputs used in the production of goods and services, including labor, capital, land, and technology.

Goods and Services

The tangible and intangible outputs of an economy that satisfy consumer needs and wants.