Question

The time series component that is analogous to the seasonal component but over a longer period of time is the

a. irregular component
b. trend component
c. causal component
d. cyclical component

Answer 1

The b. trend component is analogous to the seasonal component but over a longer period of time, reflecting the long-term direction or pattern in the data.

Step-by-step explanation:

The time series component that is analogous to the seasonal component but over a longer period of time is the b. trend component. The trend component represents the long-term direction or pattern in the data. It shows the overall increase or decrease in the data over a longer period of time.

For example, in a time series graph of temperature readings over several years, if the temperatures generally increase over time, it indicates a positive trend component. On the other hand, if the temperatures generally decrease over time, it indicates a negative trend component.