Your company is conducting forecasting that revolves around the current recession and expansion of the U.S.economy.This type of forecasting can be referred to as what component of a time series?
A)Trend Variations
B)Cyclical Variations
C)Seasonal Variations
D)Random Variations

Question

Quizplus · Accepted Answer

The cyclic variations are the long term fluctuations in a time series that repeat over a period of several years. They are often caused by external factors such as business cycles or long-term economic trends. The current recession and expansion of the U.S. economy falls under this category.

Your Company Is Conducting Forecasting That Revolves Around the Current