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Which of the following are components of a time series ?

(A) Irregular component

(B) Cyclical component

(C) Chronological Component

(D) Trend Component

Choose the correct answer from the options given below :

Solution

✅ Correct Option: 1

Time series have three main parts:

  1. (A) Irregular component: Random ups and downs that don't follow patterns
  2. (B) Cyclical component: Big patterns that happen over many years
  3. (D) Trend Component: The overall direction (up, down, or flat) over time

"Chronological Component" (C) is not actually a real part of time series - it just means the data is in time order.

So the answer is: (A), (B) and (D) only

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