Answer: Inflation
Explanation:
Time series data are refer to those taken over a period of years with a minimum of four years being satisfactory. The data shown will have variations that fall under four major components being;
- Trend - Data that moves in a predictable fashion and so can be used to predict future behavior.
- Cycles - The variation here follows the business cycle or its own.
- Random Variables - Cannot be predicted.
- Seasonal - These follow a chronological pattern.
Only Inflation does not fall here.
