QUESTION 5 a) Determine the appropriate component of time series for the situation below: i) The...

 

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QUESTION 5 a) Determine the appropriate component of time series for the situation below: i) The courier services industry continues to grow year after year due to the emergency of new technology. ii) The increase in sales of face masks due to pandemic Coronavirus (COVID-19). The higher occupancy rate at Merrinton Hotel during weekends compared to the rate during weekdays. iii) iv) Affordable smartphone sales shoot up as demand grows due to e-learning needs. v) The income of self-employed falls dramatically due to recession. (5 marks) QUESTION 5 a) Determine the appropriate component of time series for the situation below: i) The courier services industry continues to grow year after year due to the emergency of new technology. ii) The increase in sales of face masks due to pandemic Coronavirus (COVID-19). The higher occupancy rate at Merrinton Hotel during weekends compared to the rate during weekdays. iii) iv) Affordable smartphone sales shoot up as demand grows due to e-learning needs. v) The income of self-employed falls dramatically due to recession. (5 marks)

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1secular trend or long term tre... View the full answer