Which of the following time-series components can be identified when a company has 12 weeks of data beginning January and extending through March?
A) Seasonal component
B) Random component
C) Trend component
D) Both B and C

Question

Quizplus · Accepted Answer

With 12 weeks of data, it's possible to identify both random variations and potential trends, but it's generally too short a period to conclusively identify seasonal components, which typically require at least a year of data to discern patterns related to seasons or specific times of the year.

Which of the Following Time-Series Components Can Be Identified When