The fairly regular fluctuations that occur within each year would be contained in which component of the time series?
A)Long-term trend
B)Cyclical variation
C)Seasonal variation
D)Random variation

Question

Quizplus · Accepted Answer

Seasonal variation refers to the regular fluctuations that occur within a year, such as monthly or quarterly patterns. Therefore, the fairly regular fluctuations that occur within each year would be contained in the seasonal component of the time series.

The Fairly Regular Fluctuations That Occur Within Each Year Would