All of the Following Are True About a Cyclical Pattern

question 55

Multiple Choice

All of the following are true about a cyclical pattern except

• A) It is often due to multiyear business cycles.
• B) It is often combined with long-term trend patterns and called trend-cycle patterns.
• C) It usually is easier to forecast than a seasonal pattern due to less variability.
• D) It is an alternating sequence of data points above and below the trend line.

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Definitions:

Observational Learning

A learning process whereby individuals change their behavior after observing the actions and outcomes of others' behaviors.

Reinforcement

A principle in behaviorism that strengthens a behavior by providing a consequence an individual finds rewarding.

Albert Bandura

A prominent psychologist known for his work on social learning theory and the concept of self-efficacy.

Conditioning Techniques

Methods used in behavioral psychology to learn or modify behaviors by associating them with certain stimuli, including classical and operant conditioning.