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Discuss the difference between a cyclical component and a seasonal component. Which component is more predictable, seasonal or cyclical? Discuss and illustrate with examples. Solution The essential difference between the seasonal and cyclical components is that seasonal effects occur at regular, predictable intervals, whereas the timing of cyclical effects is less predictable.

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Discuss the difference between a cyclical component and a seasonal component. Which component is more predictable, seasonal or cyclical? Discuss and illustrate with examples. Solution The essential difference between the seasonal and cyclical components is that seasonal effects occur at regular, predictable intervals, whereas the timing of cyclical effects is less predictable

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  • 1. Discuss the difference between a cyclical component and a seasonal component. Which component is more predictable, seasonal or cyclical? Discuss and illustrate with examples. Solution The essential difference between the seasonal and cyclical components is that seasonal effects occur at regular, predictable intervals, whereas the timing of cyclical effects is less predictable