i. One component of a time series is the secular trend that is the smooth movement of a series over a short period of time, such as a few months or quarters.
ii. Many business and economic time series have a recurring seasonal pattern.
iii. One component of a time series is cyclical variation. An example of cyclical variation is the business cycle that consists of periods of prosperity followed by periods of recession, depression, and recovery.
A) (i) , (ii) , and (iii) are all correct statements.
B) (i) and (ii) are correct statements but not (iii) .
C) (i) and (iii) are correct statements but not (ii) .
D) (ii) and (iii) are correct statements but not (i) .
E) (i) , (ii) , and (iii) are all false statements.
Correct Answer:
Verified
Q1: What time series component was exemplified during
Q2: Economic periods of prosperity followed by recession
Q4: Since a ski resort does most of
Q5: For an annual time series extending from
Q6: What is the long-term behavior of a
Q7: i. A time series is a collection
Q8: What is the correct order of events
Q9: i. Long-term forecasts are usually from one
Q10: The merchants in Morris, Manitoba suffered flood
Q11: A time series is a collection of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents