Match List-I with List-II
List-I List-II (Example) (Components of Time Series) (A) Lockouts and strikes (I) Secular trend (B) Rise and fall of share market (II) Seasonal trend (C) Continuous decline in death rate (III) Irregular trend (D) The rise in prices before Diwali (IV) Cyclical trend
Choose the correct answer from the options given below:
Match List-I with List-II
| List-I | List-II |
|---|---|
| (Example) | (Components of Time Series) |
| (A) Lockouts and strikes | (I) Secular trend |
| (B) Rise and fall of share market | (II) Seasonal trend |
| (C) Continuous decline in death rate | (III) Irregular trend |
| (D) The rise in prices before Diwali | (IV) Cyclical trend |
Choose the correct answer from the options given below:
Solution
Time series components represent different patterns in data:
Secular Trend: Long-term direction over years (consistent increase or decrease)
Seasonal Trend: Repeats at fixed times every year (festivals, seasons)
Cyclical Trend: Repeats over several years (economic cycles)
Irregular Trend: Random, unpredictable events with no pattern
(A) Lockouts and strikes
Strikes are unpredictable and random events with no discernible pattern.
Match: (III) Irregular Trend
(B) Rise and fall of share market
The stock market follows economic cycles with boom, recession, and recovery phases repeating over multiple years.
Match: (IV) Cyclical Trend
(C) Continuous decline in death rate
Death rates consistently decline over decades due to improved healthcare, showing a clear long-term direction.
Match: (I) Secular Trend
(D) The rise in prices before Diwali
Prices rise before Diwali every year at the same time, following a predictable annual pattern.
Match: (II) Seasonal Trend
Final Matching:
(A) - (III)
(B) - (IV)
(C) - (I)
(D) - (II)
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