To observe a seasonal component in a time series, data needs to be collected more frequently than on an annual basis.

Name: To observe a seasonal component in a time series, data needs to be collected more frequently than on an annual basis.
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Question

Quizplus · Accepted Answer

Seasonal components in a time series reflect fluctuations that occur at specific regular intervals less than a year, such as monthly or quarterly, thus requiring data collection more frequently than annually to observe these patterns.

To Observe a Seasonal Component in a Time Series, Data