Economic fluctuations (recessions or expansions) are examples of which time series demand component?
A) Trend
B) Seasonality
C) Cyclical
D) Random variation

Question

Quizplus · Accepted Answer

Economic fluctuations are a result of the cyclical component of demand, which is driven by changes in the business cycle, such as recessions or expansions. The trend component refers to overall long-term growth, seasonality refers to regular fluctuations within a year, and random variation is unpredictable noise in the data.

Economic Fluctuations (Recessions or Expansions) Are Examples of Which Time