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It is followed by the irregular component.
The empirical results indicate that wheat prices present cyclical behavior while rice prices except for cyclicality are mainly governed by the irregular component.
The empirical analysis shows that wheat prices present cyclical behavior while rice prices, except for cyclicality, are governed by the irregular component.
Similar(57)
This means that we must assign all the irregularities to the irregular component.
By inspecting Table 12, we see that the variance of the irregular component depend on (theta _{P}), and that the maximum is reached for (theta _{P}=1).
The irregular component estimates.
The trend-cycle component estimates, The irregular component estimates.
The process for the irregular component (I_{t}) is stationary.
In the example, the two components are the permanent component and the irregular component.
The series is considered as a juxtaposition of several components: the trend-cycle, the seasonal component and the irregular component.
There can be up to 4 components: the permanent or trend (-cycle) component,1 the transitory component, the seasonal component, and the irregular component or error.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com