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The trend component in time series analysis represents the long-term progression or movement of data points over time. Unlike seasonal patterns, which repeat at regular intervals, the trend is a smooth and continuous component that reflects the overall direction of the data, either upward or downward. It captures sustained increases, decreases, or plateaus and can be observed over months, years, or even decades, depending on the data. Trends are essential for understanding broad changes in data that transcend short-term variations, providing insight into fundamental shifts, such as market growth or economic recession, which are crucial for long-term forecasting and planning. The other options are incorrect because: • Option 1 (Seasonality) refers to patterns that repeat at fixed intervals, such as monthly or quarterly, and does not capture long-term data direction. • Option 3 (Cyclic) captures patterns in data that are not regular or consistent in intervals like trend but may occur in economic cycles. • Option 4 (Residual) refers to the random, unpredictable component remaining after accounting for trend and seasonality. • Option 5 (Stationarity) is a characteristic required for many models but is not a data component itself.
If 3792 = 39 and 7242 = 22, then 2958 = ?
Select the option that is related to the fourth number in the same way as the first number is related to the second number and the fifth number is relat...
Find the number which does NOT belong to the group : 101, 242, 363, 484
64 8 5
420 14 10
What the difference between the resultant of the first row and the second row?
...If each of the odd digits in the number ' 78343724' is decreased by 1 and each of the even digits is increased by 1, which of the following will be the...
Select the correct combination of mathematical signs that can sequentially replace the * signs and balance the equation.
1496 * 8 * 13 * 40 * 5 * 0
How many 6s are there in the following number series which are preceded by 4 and followed by 8.
2 4 6 8 4 2 8 6 4 8 7 3 8 6 4 2 4 6 8 7 4 6 9 4
Select the letter from among the given options that can replace the question mark (?) in the following series.
P, N, J, H, ?