Question: How many statements are correct? 0 1 2 3 4 Statement 1. An annual time series will never have a seasonal component. Statement 2. A
How many statements are correct?
0 1 2 3 4
Statement 1. An annual time series will never have a seasonal component. Statement 2. A random component can exist in both a stationary time series and a non-stationary time series. Statement 3. A seasonal component is always a cyclical component. Whereas a cyclical component is not always a seasonal component. Statement 4. A non-stationary time series can have random, trend, and seasonal components at the same time.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
