Data cannot exhibit both trend and cyclical patterns.

Name: Data cannot exhibit both trend and cyclical patterns.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

Data can exhibit both trend and cyclical patterns. A trend represents a long-term direction of movement, while a cycle represents a repeated pattern of ups and downs over a shorter period. Many economic time series data, such as GDP, exhibit both trend and cyclical patterns.

Data Cannot Exhibit Both Trend and Cyclical Patterns