Question
Which of the following components of time series reflect the general tendency of the data to increase or decrease during a long period of time?
This question was previously asked in
SSC CGL 2024 (Tier-I) Previous Year Paper (17-Sep-2024) (Shift 3)
The correct answer is
Trend
The "trend" component of a time series refers to the long-term direction in the data (whether it is increasing, decreasing, or stable) over an extended period of time. It shows the general tendency of the data to either rise or fall. Hence, the correct answer is "Trend".
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