The component of a time series that has repeating patterns that have a period longer than one year is the:
A) irregular component.
B) trend component.
C) seasonal component.
D) cyclical component.

Question

Quizplus · Accepted Answer

The cyclical component of a time series refers to patterns or fluctuations that occur over longer periods, typically more than a year. These are often associated with economic cycles, such as periods of expansion or recession, which do not have a fixed frequency like seasonal patterns.

The Component of a Time Series That Has Repeating Patterns