_________ Component of Time Series Refers to the Erratic Time-Series

question 78

Multiple Choice

_________ component of time series refers to the erratic time-series movement that follow no recognizable or regular pattern.

• A)Trend
• B)Seasonal
• C)Cyclical
• D)Irregular

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Definitions:

Household Production

The creation of goods and services by individuals or families for their personal use, as opposed to goods and services produced for sale or exchange.

Balance of Payments

A record of all transactions made between entities in one country and the rest of the world over a defined period, including trade, investment, and financial transfers.

Merchandise Trade Balance

The value during a given period of a country’s exported goods minus the value of its imported goods.

Deficits

Occurs when a government's expenditures exceed its revenues during a specific period, leading to borrowing or debt accumulation.