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QUESTION 2 a) Using relevant examples, discuss the following components of a time series: 1. Trend component 2. Seasonality component 3. Cyclical component 4. Irregular

QUESTION 2 a) Using relevant examples, discuss the following components of a time series:

1. Trend component 2. Seasonality component 3. Cyclical component 4. Irregular component

b) Briefly explain how each of the above elements of a time series may assist in forecasting Subject: Financial accounting Please provide reference.

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