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      Question

      Which option is incorrect for the component of ti.me

      series.
      A A non-seasonal cycle is a repetitive, possibly unpredictable, pattern in the series values Correct Answer Incorrect Answer
      B A trend is a gradual upward or downward shift in the level of the series Correct Answer Incorrect Answer
      C A sudden temporary shift is referred as pulse Correct Answer Incorrect Answer
      D Shifts in the level of a time series that cannot be explained are referred to as seasonal cycles Correct Answer Incorrect Answer

      Solution

      The correct answer is D

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