Consider the following statements about a time series of annual observations on sales of a firm for ten years:
(i) The series will have seasonal variations.
(ii) The series will have a secular trend.
(iii) The series will have cyclical variations.
Choose the correct answer from the code given below :
1
(ii) and (iii)
2
(i), (ii) and (iii)
3
(i) and (ii)
4
(i) and (iii)