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Time series decomposition involves breaking down a time series into three main components: 1. Trend: The long-term direction or movement in the data (e.g., increasing or decreasing). 2. Seasonality: The repeating fluctuations at regular intervals due to seasonal factors (e.g., monthly, quarterly). 3. Residuals (or irregular components): The random, unexplained fluctuations that remain after removing the trend and seasonality. These are the "noise" or errors in the data. This decomposition is critical because it allows for better understanding and forecasting by isolating predictable patterns from random variations. Option A is incorrect because correlation is not a component of time series decomposition. Option B is incorrect as the cyclical component is different from seasonality and is often linked to economic cycles, not necessarily regular time intervals. Option C is incorrect because "cyclic behavior" and "random noise" are not formal components in standard time series decomposition. Option E is incorrect because outliers and forecast errors are not part of the standard decomposition process.
If x 2 – 15x + 51 = 0, then determine the value of (x – 5) + {1/(x – 5)}.
√(92×8 ×52+700) = ?
{(21/20) + (20/21)}2 - {(21/20) - (20/21)}2 = ?
In a college, the proportion of boys to girls is 7:9, and the proportion of graduate students to postgraduate students is 4:5. Determine the total numbe...
The average of three numbers a, b and c is 2 more than c. The average of a and b is 48. If d is 10 less than c, then the average of c and d is:
If a3 + b3 = 6240 and a + b = 30, then find the value of {(a + b)2 – 3ab}
If 15a2 + 1 = 20a, then find the value of {(9a2 + 1)/25a2}
1/3 + 1/15 + 1/35 + 1/63 + 1/99 = ?
In a class of 70 students and 25 teachers, each student got gifts that were 20% of total number of students and each teacher got gifts that were 10% of ...