Question: Question 1. Important terminology includes stationarity and components. How many statements are correct? 0 1 2 3 (A) Stationarity is described as the overall nature

Question 1. Important terminology includes

Question 1. Important terminology includes stationarity and components. How many statements are correct? 0 1 2 3 (A) Stationarity is described as the overall nature of a time series, whereas components are described as the cause of variability within a time series. (B) A random component can be described as unexplained variability and a trend component can be explained as variability explained by the non-stationary nature of the time series. (C) A cyclical component can be described as a repeating pattern and a seasonal component can be described as an annual repeating pattern

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