With reference to time series data patterns, a cyclical pattern is the component of the time series that:
A) shows a periodic pattern over one year or less.
B) does not vary with respect to time.
C) results in periodic above-trend and below-trend behavior of the time series lasting more than one year.
D) is characterized by a linear variation of the dependent variable with respect to time.

Question

Quizplus · Accepted Answer

With reference to time series data patterns, a cyclical pattern is the component of the time series that results in periodic above-trend and below-trend behavior of the time series lasting more than one year.

With Reference to Time Series Data Patterns, a Cyclical Pattern