The time series pattern showing an alternating sequence of points below and above the trend line lasting more than one year is the _____ pattern.
A) stationary trend
B) seasonal
C) seasonal-irregular
D) cyclical

Question

Quizplus · Accepted Answer

A pattern of alternating points below and above the trend line lasting more than one year is characteristic of a cyclical pattern. Seasonal patterns are shorter-term, occurring within a year, while seasonal-irregular patterns are a combination of both seasonal and irregular components. A stationary trend does not exhibit any trend or seasonality, and is characterized by a flat, horizontal line.

The Time Series Pattern Showing an Alternating Sequence of Points