The ________ component of time series refers to the erratic time-series movement that follows no recognizable or regular pattern.
A)trend
B)seasonal variation
C)cycle
D)irregular component
E)predicted

Question

Quizplus · Accepted Answer

The irregular component of time series is the part that cannot be explained by trend, seasonal variation, or cycle. It is the random or chaotic movement in the data that defies any recognizable pattern. Therefore, the best choice here is option D.

The ________ Component of Time Series Refers to the Erratic