The _______ generally describes fluctuations of the time series that are attributable to business and economic conditions.
A) seasonal variation
B) secular trend
C) cyclical effect
D) residual effect

Question

Quizplus · Accepted Answer

Cyclical effect refers to fluctuations in a time series that are due to economic and business cycles, such as periods of expansion or recession.

The _______ Generally Describes Fluctuations of the Time Series That