Economy, asked by sachinverma5401, 9 months ago

What is time series explain its components in economics?

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Answered by arrhu

0

Time series consist of four components: (1) Seasonal variations that repeat over a specific period such as a day, week, month, season, etc., (2) Trend variations that move up or down in a reasonably predictable pattern, (3) Cyclical variations that correspond with business or economic 'boom-bust' cycles or follow their ...

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