Which of the following terms describes the up and down movements of a time series that vary both in length and intensity?
A)Long-term trend component
B)Cyclical variation component
C)Random variation component
D)Seasonal variation component

Question

Quizplus · Accepted Answer

The up and down movements that vary both in length and intensity are known as cyclical variation component. It refers to the recurrent fluctuation in time series data with a frequency of more than a year. The other options are:
A) Long-term trend component refers to the general tendency of the data to move in a particular direction over an extended period of time.
C) Random variation component refers to the unpredictable variations in the data that do not follow any patterns or trends.
D) Seasonal variation component refers to the patterns that are repeated each year, typically in response to seasonal influences.

Which of the Following Terms Describes the Up and Down