The figure below shows which time series pattern?

Question

BlackTom AI · Accepted Answer

Begin by describing what each option implies for a time series pattern.
Option 1: Cyclical. This pattern refers to fluctuations that occur over irregular, longer-than-year spans and do not have a fixed period. The graph shows rises and falls that do not repeat in a strict calendar-based cycle, which is characteristic of cyclical movement.
Option 2: Trend. A trend would manifest as a general, long-run increase or decrease over time. The figure does not show a single, consistent upward or downward slope across the entire horizon; instead, there are multiple ups and downs, so a simple trend is insufficient.
Option 3: Seasonal. Seasonality implies regular, repeated patterns within fixed short intervals (e.g., monthly or quarterly) within each year. The plotted series lacks a clear, repeating short-interval cycle with the same shape and timing each period, so seasonality is unlikely here.
Option 4: Horizontal. A horizontal (stationary) pattern would be relatively flat over time, with only random fluctuations around a constant mean. The graph clearly moves up and down with substantial changes, so horizontal is not a good description.
Now, focusing on the visual evidence: the series shows substantial rise and fall across several years without a fixed, calendar-driven period. The time gaps between similar highs and lows vary, which aligns with a cyclical pattern rather than a fixed seasonal cycle or a straightforward trend, and it is not flat. Therefore, cyclical is the best match among the given options.

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The figure below shows which time series pattern?

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MGS*3100*W10 25 Fall OM Exam 2- Requires Respondus LockDown Browser

The figure below shows which time series pattern?

View Explanation

Log in for full answers

Similar Questions

Give the single best correct answer.In time series for predicting seasonal data,[Fill in the blank]

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MGS3100W10 25 Fall OM Exam 2- Requires Respondus LockDown Browser