A group of observations measured at successive time intervals is known as
A)a trend component
B)a time series
C)a forecast
D)an additive time series model

Question

Quizplus · Accepted Answer

A group of observations measured at successive time intervals is known as a time series. A trend component refers to the long-term pattern or tendency of a time series, while a forecast is a prediction of future values based on past trends and patterns. An additive time series model is a type of model used to decompose a time series into its various components, such as trend, seasonality, and randomness.

A Group of Observations Measured at Successive Time Intervals Is