In time series analysis, which component is characterized by predictable, cyclical patterns that repeat at fixed intervals?
Seasonality in time series data represents recurring patterns that follow a consistent interval, such as daily, weekly, monthly, or annually. It’s driven by factors like weather, holidays, or other cyclical influences specific to the data’s context. In sales data, for example, seasonality may reflect increased sales during holidays. Recognizing seasonality is critical for accurate forecasting, as it allows analysts to adjust for these predictable fluctuations. Option A (Trend) is incorrect because the trend represents the long-term progression, not repetitive patterns. Option B (Noise) is incorrect as noise refers to random, non-systematic fluctuations without pattern. Option C (Residuals) is incorrect because residuals are the irregular components left after accounting for trend and seasonality. Option E (Irregular Component) is incorrect because irregular components are unpredictable fluctuations without cyclical patterns.
The _________ property of the element is a whole number.
Which of the following is the most reactive element in the Periodic table?
Which substance is commonly used as a thermometric material in thermometers due to its expansive properties under temperature changes?
What is the primary purpose of using bleaching powder in drinking water?
Litmus paper, used to test pH levels, is derived from which organism?
What is the primary use of calcium carbonate in antacid tablets?
Formula of ‘Quick Lime’ is __________
What are antibiotics?
What term describes the enthalpy change when a substance transitions from solid to liquid at its melting point?
Which gas is most abundant in the Earth's atmosphere.