A _________ component is defined as the unpredictable movements in a time series that cannot be attributed to either trend, seasonal, or cyclical components.
A)business
B)dummy
C)forecasted
D)random

Question

Quizplus · Accepted Answer

The correct answer is D) random. A random component in a time series analysis refers to the unpredictable movements that cannot be attributed to trend, seasonal, or cyclical components. These are essentially the residual effects after accounting for all other identifiable components.

A _________ Component Is Defined as the Unpredictable Movements in a Time