I One Component of a Time Series Is the Secular

question 74

Multiple Choice

i. One component of a time series is the secular trend that is the smooth movement of a series over a short period of time, such as a few months or quarters.
ii. Many business and economic time series have a recurring seasonal pattern.
Iii) One component of a time series is cyclical variation. An example of cyclical variation is the business cycle that consists of periods of prosperity followed by periods of recession, depression, and recovery.

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and (ii) are correct statements, but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) All statements are false

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Definitions:

Procedural Memories

A type of long-term memory that involves the unconscious memory of how to perform different actions and skills, essentially the memory of motor skills.

Medulla

The medulla oblongata, a part of the brainstem that controls vital bodily functions such as breathing, heart rate, and blood pressure.

Declarative Long-Term Memories

Memories that can be consciously recalled, such as facts and events, stored for long periods.

Episodic Memory

The ability to recall specific events, situations, or experiences from one's past.