The _______ component of time series reflects the long-run decline or growth in a time series.
A)trend
B)seasonal variation
C)cycle
D)irregular component
E)random

Question

Quizplus · Accepted Answer

The trend component of a time series represents the long-term pattern of growth or decline in the data. It is a smooth, long-run pattern that changes gradually over time. Examples of trends include population growth, inflation, and technology adoption rates.

The _______ Component of Time Series Reflects the Long-Run Decline