Which of the following terms describes the overall long-term tendency of a time series?
A)Trend
B)Cyclical component
C)Irregular component
D)Seasonal component

Question

Quizplus · Accepted Answer

The overall long-term tendency of a time series is described by its trend. This represents the general direction in which the data is moving over a prolonged period of time, regardless of any short-term fluctuations or seasonal variations.

Which of the Following Terms Describes the Overall Long-Term Tendency