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Which of the time series methods shows repetitions over a one-year period. For example, every year, sales of retail goods increase during the holiday season, and the number of vacation packages sold goes up during the summer?Seasonal componentRandom componentTrend componentCyclic component
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- Trend refers to a. the long-run shift or movement in the time series observable over several periods of time. b. the outcome of a random experiment. c. the recurring patterns observed over successive periods of time. d. the short-run shift or movement in the time series observable for some specific period of time.
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