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i. The cyclical component of a time series is described in terms relative to the seasonal index. ii. The irregular component of a time series is the easiest to measure.
iii. The ratio-to-moving average method removes the time series trend component, resulting in 12 numbers that are called specific seasonals.
National Recession
A period of economic decline across a country, usually defined as two consecutive quarters of decreasing gross domestic product (GDP).
Electronic Medical Record System
A digital version of a patient's paper chart, providing real-time, patient-centered records that make information available instantly and securely to authorized users.
Hiring Freeze
A temporary suspension of new hiring in an organization, typically implemented to reduce costs during financial constraints or organizational restructuring.
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