The ________ Component of a Time Series Measures the Fluctuations

question 148

Multiple Choice

The ________ component of a time series measures the fluctuations in a time series due to economic conditions of prosperity and recession with a duration of approximately 2 years or longer.

• A)trend
• B)seasonal variation
• C)cycle
• D)irregular component
• E)random

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Definitions:

Chart Bins

Groupings of data points within a chart, used in histogram or bar charts to organize a range of data into manageable intervals.

Forecast Chart

A visual representation of past and future data points, often used to project trends and predict future values.

Simulation Trial

An experiment or test in which the outcomes are generated through simulated processes, often used to model and analyze complex systems or phenomena.

Tornado Charts

A type of sensitivity analysis graph that displays the impact of varying inputs on an output variable, often used in decision-making.