Match List-I with List-II
List-I List-II Example Time-series component (A) Labour strike (I) Secular-trend (B) Continuous decline in death rate (II) Seasonal (C) Rise in prices before Diwali (III) Cyclical (D) Rise and fall of the share-market (IV) Irregular
Choose the correct answer from the options given below:
Match List-I with List-II
| List-I | List-II |
|---|---|
| Example | Time-series component |
| (A) Labour strike | (I) Secular-trend |
| (B) Continuous decline in death rate | (II) Seasonal |
| (C) Rise in prices before Diwali | (III) Cyclical |
| (D) Rise and fall of the share-market | (IV) Irregular |
Choose the correct answer from the options given below:
Solution
Time-series components represent different patterns in data over time:
Secular Trend: Long-term movement in one direction over many years
Seasonal: Regular patterns that repeat every year at the same time
Cyclical: Up and down movements that repeat over several years
Irregular: Unexpected, random events that cannot be predicted
A labour strike is sudden and unpredictable. Strikes are random events that disrupt normal patterns and cannot be forecasted.
(A) Labour strike → (IV) Irregular
Death rates have been falling steadily over decades due to better healthcare. This represents a long-term, continuous change in one direction over generations.
(B) Continuous decline in death rate → (I) Secular Trend
Prices increase every year before Diwali due to festive demand. This is a predictable, repeating pattern at the same time annually.
(C) Rise in prices before Diwali → (II) Seasonal
Stock markets go through boom periods (high) and recession periods (low). These cycles repeat over several years in a wave-like pattern.
(D) Rise and fall of the share-market → (III) Cyclical
The correct matching is:
(A) - (IV), (B) - (I), (C) - (II), (D) - (III)
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