Which of the following is the time-series component that reflects the irregular changes in a time series?
A)Trend
B)Cyclical component
C)Random variation
D)Seasonal component

Question

Quizplus · Accepted Answer

The random variation component of a time series reflects the irregular or unpredictable fluctuations in its values. This component is also known as the residual or error component, and it is typically modeled as white noise.

Which of the Following Is the Time-Series Component That Reflects