The difference between the point estimate and the true value of ...

[stephzh]

The difference between the point estimate and the true value of the population parameter being estimated is called the estimation error.
 a. True
  b. False
   Indicate whether the statement is true or false

Question 2

The time series component that reflects a long-term, relatively smooth pattern or direction exhibited by a time series over a long time period, is called seasonal.
 a. True
  b. False
   Indicate whether the statement is true or false

[TheNamesImani]

Answer to Question 1

TRUE

Answer to Question 2

FALSE

[stephzh]

Thanks for the timely response, appreciate it

[Perkypinki]

Excellent