The _____ component of a time series reflects intermediate-term,regularly recurring,upswings and downswings of data around the long-term general direction of the data.

Question

Quizplus · Accepted Answer

The component that reflects intermediate-term, regularly recurring upswings and downswings of data around the long-term general direction of the data is called the cycle component of a time series. Therefore, the best choice is B) Cycle. The trend component refers to the long-term general direction of the data, the seasonal component reflects regularly recurring fluctuations that are tied to calendar or clock time, and the irregular component represents any random or unpredictable variation that cannot be explained by the other components.

The _____ Component of a Time Series Reflects Intermediate-Term,regularly Recurring,upswings