Question: How many statements are correct? Statement 1. An annual time series will never have a seasonal component. Statement 2. A random component can exist in

How many statements are correct?  

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. While a cyclical component is not always a seasonal component.

Statement 4. A nonstationary time series can have random, trend, and seasonal components at the same time.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Lets analyze each statement 1 Statement 1 An annual time series will never have a seasonal component ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!