Question

What are the components of Time Series?

Answer 1

Answer:

Thank You

Step-by-step explanation:

An observed time series can be decomposed into three components: the trend (long term direction), the seasonal (systematic, calendar related movements) and the irregular (unsystematic, short term fluctuations).

Secular trend, which describe the movement along the term;

Seasonal variations, which represent seasonal changes;

Cyclical fluctuations, which correspond to periodical but not seasonal variations;

Irregular variations, which are other nonrandom sources of variations of series.

Answer 2

Answer:

The three components of time series are:-

The trend

The seasonal

The irregular