Which of the following terms describes the up and down movements of a time series that vary both in length and intensity?
A) Long-term trend component
B) Cyclical variation component
C) Random variation component
D) Seasonal variation component

Question

Quizplus · Accepted Answer

The up and down movements of a time series that vary both in length and intensity are described by the cyclical variation component. The long-term trend component refers to the overall direction of the time series over a long period of time. The random variation component refers to unpredictable fluctuations in the time series. The seasonal variation component refers to regular and predictable fluctuations in the time series that occur at fixed intervals of time.

Which of the Following Terms Describes the Up and Down