Explore BrainMass

Explore BrainMass

    Irregular Components in a time series

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Define irregular component in time series and explain the differences between other components as well as its effects.

    © BrainMass Inc. brainmass.com June 3, 2020, 6:35 pm ad1c9bdddf
    https://brainmass.com/statistics/time-series-analysis/irregular-components-in-a-time-series-66669

    Solution Preview

    The four components of time series are
    1. Secular Trend
    2 .Periodic change
    i) Seasonal variations ii) Cyclic variations
    3) Random or Irregular Movements

    secular trend : by this we mean the general tendency of data to increase or decrease during long period of time .For example we always see upward trend in population ...

    Solution Summary

    Solution provides a definition of irregular components in time series and explains the differences between other components as well as its effects.

    $2.19

    ADVERTISEMENT