The time series pattern showing an alternating sequence of points below and above the trend line lasting more than one year is the _____.
A) trend pattern
B) seasonal pattern
C) trend and seasonal pattern
D) cyclical pattern

Question

Quizplus · Accepted Answer

The cyclical pattern is characterized by an alternating sequence of points below and above the trend line lasting more than one year. This differs from the trend pattern, which shows a consistent increase or decrease over time, and the seasonal pattern, which shows regular, repeating fluctuations within a year. The trend and seasonal pattern combines both of these patterns.

The Time Series Pattern Showing an Alternating Sequence of Points