Asked by
Veshimabeth Samuels
on Oct 28, 2024
Verified
A seasonal effect in a time series is relatively long-term effect compared to a cyclical effect.
Seasonal Effect
Variations in data or phenomena that occur at specific regular intervals within a year, attributable to the changing seasons.
Cyclical Effect
Economic fluctuations or trends that occur over regular time intervals, often related to business cycles.
- Differentiate between types of effects (seasonal, cyclical) in time series analysis.
Verified Answer
SP
Learning Objectives
- Differentiate between types of effects (seasonal, cyclical) in time series analysis.
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