For time intervals exceeding one year and are not explainable using trend or cyclical analyses,which of the following statement(s)are the most likely explanation(s)?
A)A seasonal component in the data
B)An irregular component
C)Change in business or economic conditions
D)b or c

Question

Quizplus · Accepted Answer

For time intervals exceeding one year that cannot be explained by trend or cyclical analyses, the most likely explanations are either an irregular component (B), which includes random or unpredictable events, or a change in business or economic conditions (C). Seasonal components (A) typically refer to patterns that repeat within a year.

For Time Intervals Exceeding One Year and Are Not Explainable