The component of time series useful for long term forecasting is
A)Secular trend
B)Seasonal variation
C)Cyclical variation
D)Irregular variation

Name: The component of time series useful for long term forecasting is A)Secular trend B)Seasonal variation C)Cyclical variation D)Irregular variation
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Question

Quizplus · Accepted Answer

Secular trend is the component of time series analysis that reflects long-term patterns or trends in data, making it useful for long-term forecasting.

The Component of Time Series Useful for Long Term Forecasting