The time series component that reflects variability during a single year is called
A)a trend
B)seasonal
C)cyclical
D)irregular

Question

Quizplus · Accepted Answer

Seasonal component reflects the variability that occurs within a single year or repeated time periods, such as monthly or quarterly. A trend refers to a long-term pattern of gradual change, a cyclical component involves repeating cycles or patterns that are longer than a year, and irregular component represents erratic, unsystematic fluctuations in the time series that cannot be explained by other components.

The Time Series Component That Reflects Variability During a Single