The cyclical component of a time series
A) represents periodic fluctuations which reoccur within one year.
B) is obtained by adjusting for calendar variation.
C) represents periodic fluctuations which usually occur in two or more years.
D) is obtained by adding up the seasonal indexes.

Question

Quizplus · Accepted Answer

The cyclical component of a time series represents periodic fluctuations which usually occur in two or more years. This component is different from the seasonal component, which represents periodic fluctuations that occur within one year. Cyclical fluctuations are often driven by economic cycles or other long-term trends.

The Cyclical Component of a Time Series