A component of the time series model that results in the multi-period above-trend and below-trend behavior of a time series is a(n) _____ component.
A) trend
B) cyclical
C) seasonal
D) irregular

Question

Quizplus · Accepted Answer

A cyclical component is responsible for the multi-period above-trend and below-trend behavior of a time series. A trend component shows the general direction of the time series, a seasonal component shows regular fluctuations that occur at fixed intervals, and an irregular component represents the random fluctuations in the series.

A Component of the Time Series Model That Results in the Multi-Period