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Time series analysis is a statistical technique used to analyze data points collected or recorded at successive time intervals. It helps in identifying patterns, trends, and seasonal variations in historical data, which can be crucial for managerial decision-making. The primary components of a time series include trend, seasonality, cyclical variations, and random or irregular variations. The trend represents the long-term movement ______ _______ ______ _______ __________ ____ ______ __________ ____ ______ ____.
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