Which of the following is NOT a major component of a time series?
A)seasonal variations
B)trend line
C)irregular variations
D)best-fit line

Question

Quizplus · Accepted Answer

A best-fit line is a statistical tool used to find the line that best represents the relationship between two variables in a scatter plot. While it may be used in analyzing time series data, it is not considered a major component of a time series. The major components of a time series are seasonal variations, trend lines, and irregular variations.

Which of the Following Is NOT a Major Component of a Time