The time series component that exhibits fluctuations over more than a year in ti

Question

The time series component that exhibits fluctuations over more than a year in time above and below d the secular trend is 00Select one: on a. cyclical b. a trend c. seasonal d. irregular The following table shows the sales for a resort hotel recorded over the past year. The seasonal indexes for each quarter are also provided. To track the trend for these four quarters, use the indexes to deseasonalize the sales data. swered t of 1.00 question Quarter Sales Adjusted Seasonal Index Spring 800 0.80 Summer 1200 1.10 Fall 1350 1.15 Winter 1200 0.95 mktg re codes Overall, deseasonalized sales are Christian B COGM C.. Select one: a. decreasing b. Increasing

Explanation / Answer

The second component of a time series is cyclical variation. A typical business cycle consists of a period of prosperity followed by periods of recession, depression, and then recovery with no fixed duration of the cycle. There are sizable fluctuations unfolding over more than one year in time above and below the secular trend.

Hence answer is cyclical

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