(Situation J) The table lists the number (in millions) of Chevrolet passenger cars sold to dealers in the U.S. and Canada from 1980 to 1985.
$$\begin{array} { l l }
\hline \text { Year } & \text { Sales } \
\hline 1980 & 1.740 \
1981 & 1.444 \
1982 & 0.896 \
1983 & 1.289 \
1984 & 1.455 \
1985 & 4.882 \
\hline
\end{array}$$
-The _______ is what remains of a time series value after the secular, cyclical, and seasonal components have been removed.
A) exponential effect
B) additive effect
C) residual effect
D) error effect

Question

(Situation J) The table lists the number (in millions) of Chevrolet passenger cars sold to dealers in the U.S. and Canada from 1980 to 1985. 
$$\begin{array} { l l } 
\hline \text { Year } & \text { Sales } \
\hline 1980 & 1.740 \
1981 & 1.444 \
1982 & 0.896 \
1983 & 1.289 \
1984 & 1.455 \
1985 & 4.882 \
\hline
\end{array}$$
-The _______ is what remains of a time series value after the secular, cyclical, and seasonal components have been removed.
A) exponential effect
B) additive effect
C) residual effect
D) error effect

Quizplus · Accepted Answer

The residual effect is what remains after removing the secular, cyclical, and seasonal components from a time series value.

(Situation J) the Table Lists the Number (In Millions) of Chevrolet