Based on the following scatter plot, which of the time-series components is not present in this quarterly time series?
A) trend
B) seasonal
C) cyclical
D) irregular

Question

Based on the following scatter plot, which of the time-series components is not present in this quarterly time series? 
A) trend 
B) seasonal 
C) cyclical 
D) irregular

Quizplus · Accepted Answer

The scatter plot does not show any consistent patterns of cyclical fluctuations, indicating that the cyclical component is not present in this quarterly time series. However, there is some evidence of a slight upward trend, suggesting the presence of a trend component. There is also some evidence of seasonality, as the points cluster around certain quarters, indicating that the seasonal component may be present. Finally, there are some random fluctuations in the data, suggesting the presence of an irregular component.

Based on the Following Scatter Plot, Which of the Time-Series