The seasonal component of a time series is more likely to exhibit the relatively steady growth of a variable,such as the population of Egypt from 35 million in 1960 to 93 million in 2016.

Question

Quizplus · Accepted Answer

The seasonal component of a time series refers to patterns that repeat at regular intervals, such as monthly or quarterly, and is not related to the long-term trend of steady growth like the population increase example.

The Seasonal Component of a Time Series Is More Likely