Random variation is the unexplained deviation of a time series from a predictable pattern, such as a trend, seasonal, or cyclical pattern.

Name: Random variation is the unexplained deviation of a time series from a predictable pattern, such as a trend, seasonal, or cyclical pattern.
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Question

Quizplus · Accepted Answer

Random variation refers to the unpredictable fluctuations of a time series that cannot be attributed to any known pattern, such as trends or seasonal effects.

Random Variation Is the Unexplained Deviation of a Time Series