Which of the following components of a time-series reflects the overall general movement of the data?
A)Random Variation
B)Trend
C)Cyclical component
D)Seasonal component

Question

Quizplus · Accepted Answer

The Trend component of a time series reflects the overall general movement of the data over time. The other components - Random Variation, Cyclical component, and Seasonal component - all contribute to the variability of the data but do not necessarily indicate the overall general movement.

Which of the Following Components of a Time-Series Reflects the Overall