In time series analysis,the _____ component indicates the long-term general direction of the data.

Question

Quizplus · Accepted Answer

The trend component indicates the long-term general direction of the data. It represents the underlying behavior of the data over a long period of time, and is often the main focus of analysis in many applications. The other components (cycle, seasonal, irregular, causal) explain shorter-term variations in the data.

In Time Series Analysis,the _____ Component Indicates the Long-Term General