The irregular component of a time series exhibits a tendency to grow or decrease rather steadily over long periods of time.

Name: The irregular component of a time series exhibits a tendency to grow or decrease rather steadily over long periods of time.
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Question

Quizplus · Accepted Answer

The irregular component of a time series, also known as the random or residual component, represents unpredictable, random fluctuations that do not follow a pattern and do not exhibit a steady growth or decrease over time.

The Irregular Component of a Time Series Exhibits a Tendency