CIMA BA1 · Chapter 11 · Question 7 of 11
Which of the following is NOT one of the components normally identified in a time series analysis?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Correlation component
Explanation
A time series is normally analysed into the trend, seasonal variations, cyclical variations and random (residual) variations. Correlation is a measure of association between two variables, not a component of a time series.
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