Match the components of time series with the examples associated to them.
Match List-I with List-II
List-I List-II (A) Secular Trend (I) Monthly sale of soft drink increases in summer (B) Seasonal variations (II) Rise and fall of the share market (C) Cyclic Variations (III) Data regarding national income (D) Irregular Variations (IV) Sudden fall in crop yield due to floods
Choose the correct answer from the options given below:
Match the components of time series with the examples associated to them.
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Secular Trend | (I) Monthly sale of soft drink increases in summer |
| (B) Seasonal variations | (II) Rise and fall of the share market |
| (C) Cyclic Variations | (III) Data regarding national income |
| (D) Irregular Variations | (IV) Sudden fall in crop yield due to floods |
Choose the correct answer from the options given below:
Solution
✅ Correct Option: 3
A secular trend is the long-term movement seen in national income data. Summer-linked soft drink sales repeat within a year, so they are seasonal. Rise and fall of the share market over longer swings is cyclic. A sudden flood-driven fall in yield is irregular.
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