Cycle is one of the four different components of a time series. It has a wavelike pattern over short, repetitive calendar periods and, by definition, has duration of less than one year.

Question

Quizplus · Accepted Answer

A cycle in time series analysis does not have a fixed duration and typically refers to fluctuations lasting more than one year, often tied to economic conditions. The component with a duration of less than one year is called "seasonality."

Cycle Is One of the Four Different Components of a Time