Which of the following terms describes the up and down movements of a time series that vary both in length and intensity?
A)trend
B)cyclical component
C)irregular component
D)seasonal component

Question

Quizplus · Accepted Answer

The definition provided fits the description of a cyclical component. Trend refers to a long-term pattern in a time series, irregular component refers to random fluctuations, and seasonal component refers to regular, recurring patterns that occur at specific points in time (such as the holiday shopping season).

Which of the Following Terms Describes the Up and Down