Which of the following terms describes the up and down movements of a time series that vary both in length and intensity?
A)Trend
B)Cyclical component
C)Irregular component
D)Seasonal component

Question

Quizplus · Accepted Answer

The cyclical component refers to the up and down movements of a time series that vary both in length and intensity. Trends refer to the long-term changes in a time series, irregular components are random fluctuations, and seasonal components are regular patterns that repeat over fixed periods of time.

Which of the Following Terms Describes the Up and Down