A trend component of a time series is a long-term,relatively smooth pattern or direction exhibited by a series,and its duration is more than one year.

Question

Quizplus · Accepted Answer

The trend component of a time series reflects long-term movements in the data, typically lasting more than a year, and represents the underlying direction or pattern in the series, excluding seasonal, cyclical, and irregular influences.

A Trend Component of a Time Series Is a Long-Term,relatively