The time-series component that reflects a wavelike pattern describing a long-term trend that is generally apparent over a number of years is called seasonal.

Name: The time-series component that reflects a wavelike pattern describing a long-term trend that is generally apparent over a number of years is called seasonal.
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The time-series component that reflects a wavelike pattern over a number of years is called a cyclical component, not seasonal. Seasonal patterns occur within a single year.

The Time-Series Component That Reflects a Wavelike Pattern Describing a Long-Term