Share
Explore BrainMass

Irregular Components in a time series

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

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