Residual variations that remain in time series data after all other behaviours have been accounted for are referred to as:Multiple Choiceirregular variations.random variations.seasonality.cycles.
Question
Residual variations that remain in time series data after all other behaviours have been accounted for are referred to as:Multiple Choiceirregular variations.random variations.seasonality.cycles.
Solution
Residual variations that remain in time series data after all other behaviours have been accounted for are referred to as:
- Irregular variations.
- Random variations.
- Seasonality.
- Cycles.
The correct answer is 2. Random variations. These are fluctuations in data that cannot be explained by the model, and are therefore considered "random". They represent the residual or unexplained variation after all other behaviors have been accounted for.
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