A __________ component is movement in a time series that results from upward or downward swings in the U.S. or world economy over a period of several years.
A)cyclical
B)trend
C)random
D)seasonal

Question

A __________  component is movement in a time series that results from upward or downward swings in the U.S. or world economy over a period of several years.
A)cyclical
B)trend
C)random
D)seasonal

Quizplus · Accepted Answer

Cyclical components in a time series are movements that result from upward or downward swings in the economy over several years, reflecting the business cycles.

A __________ Component Is Movement in a Time Series