The _______ component of time series reflects the long-run decline or growth in a time series.
A)Trend
B)Seasonal
C)Cyclical
D)Irregular

Question

Quizplus · Accepted Answer

The trend component of a time series shows the long-term pattern of the data, which could be an increasing, decreasing or constant trend. This trend could be due to factors such as population growth, economic growth or technological advancements. Therefore, the correct choice is A) Trend.

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