. A Cyclical component is movement in a time series that resots over b. a consis

Question

. A Cyclical component is movement in a time series that resots over b. a consistent c. d. t pattern of one-way changes in the U.S. economy over a period of times nt pattern in the data can be associated with one calendar year. or down ward swings in the world economy over a period of several ars he world geo-politics 9. The demands for house, in housing market, usually spike in the begi nning of the Spring every year, is an example of a. Random component b. Cyclical component c. Trend component d. Seasonal component 0. A random component is defined as the unpredictable movements in the data that cannot be attributed to trend, seasonal, or cyclical components. a. True b. False 11. The trend projection is a forecasting technique that projects into the future a. a linear regression equation that best fits the data in a straight line b. a linear regression equation that best fits the data in a cycle a linear regression equation that best fits the data in a time series; c. a linear regression equation that best fits the data in a seasonal variation

Explanation / Answer

Ans-8 (c)

These oscillations are mostly observed in economics data and the periods of such oscillations are generally extended from five to twelve years or more. These oscillations are associated with the well known business cycles

Ans -9. (d) Seasonal

Ans-10 TRUE

Ans-11. a time-series forecasting method that fits a trend line to a series of historical data points and then projectsthe line into the future for forecasts. (a)

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