Time Series Multiple Choice Questions and answers (mcqs)

 1- Arrangement of data according to time period is called as: ?

(A) Time Series         (B) Seasonal Variation

Option (A) is correct.

2- Graph of Time Series in which Time period is taken along x-axis and Values along y-axis is called as: ?

(A) Histogram          (B) Historigram

Option (B) is correct.

Note: But, Histogram: Graph of Adjacent Rectangles in which Class Boundaries are taken along x-axis and frequency along y-axis is called as Histogram.

3- Ups and Downs (Fluctuations) in Time Series are: ?

(A) Components of Time Series   (B) Irregular Variations

Option (A) is correct.

4- TCSI abbreviated as: ?

(A) Secular Trend; Cyclic; Seasonal; Irregular  (B) Nothing

Option (A) is correct.

5- The Variations which are caused by Religious Festivals, and Traditions are called as: ?

(A) Cyclic Variations   (B) Seasonal Variations

Option (B) is correct.

6- The life of a Buisness man is an Example of: ?

(A) Cyclic Variations   (B) Secular Trend

Option (A) is correct.

7- The Process of removing trend from time series is defined as: ?

(A) Deseasonalization  (B) Detrending

Option (B) is correct.

Note: Must remember that the process of removing seasonal effect from time series is called as Deseasonalization.

8- From Additive Model; Y = T + C + S + I, we can isolate any component by: ?

(A) Method of Subtraction (B) Method of Division 

Option (A) is correct.

Note: But, From Multiplicative Model; Y = TCSI, we can isolate any component by the Method of Division. For example, Y = TCSI/C = TSI.

9- Parabola is always has: ?

(A) Second Degree          (B) First Degree

Option (A) is correct.

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