25. The increase in petrol price is an example of what component of time series: A Cyclical fluctuation. B Trend. C Random fluctuation. D Seasonal variation.
Added by Tamara T.
Step 1
Step 1: The increase in petrol price is not a random fluctuation because there are specific causes for gas prices to increase. Show more…
Show all steps
Close
Your feedback will help us improve your experience
Donna Densmore and 67 other Intro Stats / AP Statistics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
A rise in prices of commodities before Eid is an example of a. Seasonal fluctuation b. Cyclical fluctuation c. Secular fluctuation d. Random fluctuation
Christopher D.
'Prosperity, Recession, and depression in a business is an example of a. Secular fluctuation b. Seasonal fluctuation C. Random fluctuation d. Cyclical fluctuation'
Sri K.
Q: The component that reflects unexplained variability in the time series is called _______________. Group of answer choices A - irregular component. B - a trend component. C - seasonal component. D - cyclical component.
Narayan H.
Recommended Textbooks
Elementary Statistics a Step by Step Approach
The Practice of Statistics for AP
Introductory Statistics
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD