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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.
Which letter cluster will replace the question mark (?) to complete the given series?
abCD, fgHI, ?, stUV, abCD
Select the option that is related to the third term in the same way as the second term is related to the first term.
GAYH : IYWJ :: FBAO : ______
In the following question, select the number which can be placed at the sign of question mark (?) from the given alternatives.
In the following question below are given some statements followed by some conclusions based on those statements. Taking the given statements to be tru...
Select the option that is related to the third word in the same way as the second word is related to the first word
(The words must be consider...
In the following question, select the related word from the given alternatives.
TM: NS :: JP : ?
Four number-pairs are given, out of which three are alike in a certain manner and one is different. Choose the different number pair.
we arrange all the letters of the word PERFORMANCE in the alphabetical order from the left end, then the position of how many letter(s) will remain un...
If '32 @ 5 = 7' and '46 @ 12 = 12', then '34 @ 18 = ?'. What will come in place of question mark?
Select the option that is related to the third number in the same way as the second number is related to the first number.
46: 146 :: 65:?