The time series component which reflects gradual shifts or movements to relatively higher or lower values over a longer period of time is a(n) _____ component.
A) trend
B) seasonal
C) cyclical
D) irregular

Question

Quizplus · Accepted Answer

The trend component reflects gradual movements to higher or lower values over a longer period of time. The seasonal component reflects regular, periodic fluctuations in the data. The cyclical component reflects fluctuations around the trend that are not seasonal in nature. The irregular component is made up of random fluctuations in the data that cannot be explained by the other three components.

The Time Series Component Which Reflects Gradual Shifts or Movements