A component of the time series model that results in the multi-period above-trend and below-trend behavior of a time series is
A)a trend component
B)a cyclical component
C)a seasonal component
D)an irregular component

Question

Quizplus · Accepted Answer

The cyclical component of a time series results in the multi-period above-trend and below-trend behavior. The trend component shows the long-term increase or decrease in the series, while the seasonal component shows the repetitive pattern within each year or period. The irregular component reflects the random and unpredictable fluctuations in the series.

A Component of the Time Series Model That Results in the Multi-Period