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Q.Which of the components of time-series produce short-term variation?

Gujarat GsebGujarat Board (GSEB) HSC Commerce Board 2023Subjective· 1mImportance★★★★★
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Short-term variation is produced by the seasonal and irregular (random) components.

A time series has four components: trend, seasonal, cyclical and irregular. Trend and cyclical variations operate over long periods (several years), so they are long-term. Variations that occur within a short period (a year or less) are the: …

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