Based on the following scatter plot, which of the time-series components is not present in this quarterly time series?
A)Trend
B)Seasonal
C)Cyclical
D)Irregular

Question

Based on the following scatter plot, which of the time-series components is not present in this quarterly time series? 
A)Trend 
B)Seasonal 
C)Cyclical 
D)Irregular

Quizplus · Accepted Answer

The scatter plot shows a series of data points with no clear pattern or recurring cycles, indicating the absence of a cyclical component. However, there is still potential for trend and seasonal components, as there appear to be fluctuations in the data over time that could be attributed to these factors. The irregular component is represented by the scattered nature of the data points themselves, which do not follow a specific pattern or trend. The scatter plot shows no clear repeated pattern over a span of several years, indicating the absence of cyclical behavior. However, there is a slight upward trend in the data, as well as some seasonal variation. Additionally, there appear to be some random fluctuations that cannot be attributed to any specific pattern, indicating the presence of irregularity.

Based on the Following Scatter Plot, Which of the Time-Series