Given below are two statements for time series I. The component of time series attached to long term variation is secular trend II. The component of time series attached to short term variation is seasonal trend (A) Statement I is true and Statement II is false (B) Statement I is false and Statement II is true (C) Both Statement I and Statement II are true (D) Both Statement I and Statement II are false

JNU SSS 2021 Question 89: Index numbers and time-series basics

Given below are two statements for time series

I. The component of time series attached to long term variation is secular trend

II. The component of time series attached to short term variation is seasonal trend

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Index numbers and time-series basics has come up 25 times in 6 exams since 2006.

This question is on Time-series components and smoothing, part of Index numbers and time-series basics in Statistics.

Splitting a series into trend, seasonal and other parts, and smoothing it.

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