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

question 39

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) trend.
• B) cyclical.
• C) seasonal.
• D) random variation.

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Definitions:

Frederick Taylor

A mechanical engineer and management consultant known as the father of scientific management, emphasizing efficiency and systematic planning in the workplace.

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A state or condition where something or someone has reached an advanced stage of growth, evolution, or progress.

Motivational Tactic

Strategies or actions employed to inspire or encourage individuals or groups to achieve desired goals or undertake specific behaviors.

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The process of organizing tasks, duties, responsibilities, and other elements into a job structure to improve satisfaction and performance.