Question: MA4662 What is time series decomposition? Why is it important? What are the components of a time series? Define each one. Why would a forecaster

MA4662

What is time series decomposition?

Why is it important?

What are the components of a time series? Define each one.

Why would a forecaster choose this method versus some of the other methods?

Also, please feel free to elaborate upon time series composition topics that you found most interesting.Once you answer these basic questions, I will post a follow-up question that runs you through an example outlined in this week's notes.

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