The time series pattern that reflects repeating variability within a single year is called the _____.
A) trend pattern
B) seasonal pattern
C) trend and seasonal pattern
D) cyclical pattern

Question

Quizplus · Accepted Answer

Seasonal pattern reflects the repeating variability within a single year. Trend pattern refers to the long-term increase or decrease in the data over time. Trend and seasonal pattern refer to both the long-term trend and the within-year seasonal variability. Cyclical pattern reflects fluctuations that occur over a period longer than one year, usually influenced by economic or political factors.

The Time Series Pattern That Reflects Repeating Variability Within a Single