CUET · MATHS · PYQ PAPER 2023
The increase in the sale of shawls during winters is an example of :
- A Trend component of time series
- B Cyclical component of time series
- C Seasonal component of time series
- D Irregular component of time series
Answer & Solution
Correct Answer
(C) Seasonal component of time series
Step-by-step Solution
Detailed explanation
The increase in shawl sales during winter is a predictable pattern that repeats every year within a fixed timeframe. In time series analysis, such regular and periodic fluctuations that occur within a year are classified as seasonal variations. (C)Seasonal component of time…
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