Which of the following components of a time series plot is defined as what's left over when the other three components have been removed?
A)Random fluctuations
B)Seasonal components
C)Irregular cycles
D)Long-term trend

Question

Quizplus · Accepted Answer

Random fluctuations, also known as the residual or error component, is defined as what's left over when the other three components (seasonal, trend, and cyclical) have been removed.

Which of the Following Components of a Time Series Plot