Mathematics · Time Series Analysis
A long-term continuous decline or growth observed over decades, such as a general decline in the historical share of traditional cotton clothes sales due to changing fabrics, is an example of which component of a time series?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Irregular variations
- 2Cyclical variations
- 3Seasonal variations
- 4Secular trend✓
Correct answer
Secular trend
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