A time series that shows a recurring pattern over one year or less is said to follow a
A)horizontal pattern.
B)stationary pattern.
C)cyclical pattern.
D)seasonal pattern.

Question

Quizplus · Accepted Answer

A time series that shows a recurring pattern over one year or less is said to follow a seasonal pattern. Choice A is incorrect because a horizontal pattern implies that there is no identifiable trend or pattern over time. Choice B is incorrect because a stationary pattern implies that the time series fluctuates randomly around a constant mean and variance, without any clear pattern or trend. Choice C is incorrect because a cyclical pattern implies that the time series follows longer-term cycles or movements, such as business cycles or economic cycles, rather than a recurring pattern within a year or less.

A Time Series That Shows a Recurring Pattern Over One