In the context of time series,a cyclical effect differs from a seasonal effect in that the cyclical effect ________.
A)shows a gradual shift in the time series
B)does not show a gradual shift in the time series
C)relates to much longer-term behavior
D)relates to much shorter-term behavior

Question

Quizplus · Accepted Answer

A cyclical effect relates to much longer-term behavior in a time series, typically spanning several years or even decades. It is characterized by periodic fluctuations that are not seasonal in nature and do not necessarily have a fixed duration or pattern. In contrast, a seasonal effect is a pattern that repeats regularly within a year, such as variations in sales due to holidays or changes in weather.

In the Context of Time Series,a Cyclical Effect Differs from a Seasonal