The seasonal component of a time series is more likely to exhibit the relatively steady growth of a variable,such as the population of Egypt from 35 million in 1960 to 75 million in 2005.

Question

Quizplus · Accepted Answer

The seasonal component of a time series refers to patterns in the data that repeat at fixed intervals within a year, such as the spike in retail sales during the holiday season. The statement given in the question describes a long-term trend rather than a seasonal pattern.

The Seasonal Component of a Time Series Is More Likely