What is a component of a time series?
A)Base series
B)Trend
C)Seasonal component
D)All of these choices

Question

Quizplus · Accepted Answer

A time series is a sequence of data points taken at regular intervals. It can be decomposed into three components: the base series, the trend, and the seasonal component. The base series is the underlying pattern of the data, the trend is the long-term increase or decrease in the data, and the seasonal component is the variation in the data that occurs over a period of time, such as a year or a month.

What Is a Component of a Time Series