The time series component that exhibits fluctuations over more than a year in time above and below the secular trend is ________.
A) irregular
B) cyclical
C) seasonal
D) a trend

Question

Quizplus · Accepted Answer

The component that exhibits fluctuations over more than a year in time above and below the secular trend is the cyclical component. The irregular component represents random or unpredictable movements in the time series, while the seasonal component exhibits regular recurring patterns within a year. A trend component represents a long-term pattern or direction in the time series.

The Time Series Component That Exhibits Fluctuations Over More Than