Question

Cyclical variations in time series:

• A. Exist due to ups downs recurring after a period from time to time but may not be uniformly periodic.
• B. Are a result of unforeseen and unpredictable forces that operate in a random manner.
• C. Take place due to rhythmic forces that operate in a regular and periodic manner.
• D. Show the tendency of data to increase, decrease, or stagnate over a long period.

Hint:

Identify cyclical patterns by analyzing historical trends for better predictions

Answer 1

The Correct Option is A

Cyclical variations refer to fluctuations that occur due to economic cycles or other factors. While they recur, the timing and magnitude may not always follow a strict periodic pattern.