Which of the components of time series cannot, by definition, be forecast?
A) Cycle
B) Trend
C) Seasonality
D) Random fluctuation
E) None of the above

Name: Which of the components of time series cannot, by definition, be forecast? A) Cycle B) Trend C) Seasonality D) Random fluctuation E) None of the above
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Question

Quizplus · Accepted Answer

Random fluctuation, by its nature, is unpredictable and cannot be forecasted because it represents irregular or stochastic variations that do not have a systematic pattern or predictable behavior.

Which of the Components of Time Series Cannot, by Definition