The _____ component of a time series reflects short-term,random movements in the data that do not conform to a pattern which is regularly related to the calendar.

Question

Quizplus · Accepted Answer

The irregular component of a time series refers to the short-term, random fluctuations in the data that do not follow a pattern related to the calendar or seasonality. This component is also known as the residual component, as it represents the part of the data that is left after removing the other components (trend, seasonal, and cyclic).

The _____ Component of a Time Series Reflects Short-Term,random Movements