The Time Series Component That Reflects a Wavelike Pattern Describing

question 202

Multiple Choice

The time series component that reflects a wavelike pattern describing a long-term trend that is generally apparent over a number of years is called:

• A)long-term trend
• B)cyclical variation
• C)seasonal variation
• D)random variation

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Definitions:

Plus or Minus

A tolerance indicating that a certain measurement may vary, either more or less, by a specified amount.

Symbol

An indicator, emblem, or phrase that conveys, represents, or is identified with a notion, item, or linkage.

Theoretical Size

The ideal, nominal size of a part or feature as defined in drawings, before tolerances are applied.

Limits

In engineering and manufacturing, limits refer to the maximum and minimum dimensions a part can have to be considered acceptable.