The Time Series Component That Is Analogous to the Seasonal

question 31

Multiple Choice

The time series component that is analogous to the seasonal component but over a longer period of time is the

• A)irregular component
• B)trend component
• C)causal component
• D)cyclical component

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Definitions:

Predicted Amount

The value estimated based on a statistical model or analysis.

Sales

The exchange of a commodity or service for money; the action of selling something.

Least Squares Regression

A statistical method for estimating the relationship between variables by minimizing the squares of the differences between observed and predicted values.

Relationship

A connection, association, or involvement between two or more variables or entities.