Which of the following is not true of a time series with a cyclical component?
A) It has wavelike fluctuations lasting from several months to several years.
B) It is difficult to analyze because cycles vary in length and amplitude.
C) It typically coincides with business cycles in the economy.
D) It has wavelike fluctuations always lasting less than a year.

Question

Quizplus · Accepted Answer

A time series with a cyclical component can have wavelike fluctuations lasting from several months to several years, can be difficult to analyze because cycles vary in length and amplitude, and typically coincides with business cycles in the economy. However, it is not true that the wavelike fluctuations always last less than a year.

Which of the Following Is Not True of a Time