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The "up - and - down" component of a time series that represents periods of prosperity followed
by recession over extended periods of time longer than one year is called
trend variation.
seasonal variation.
cyclical variation.
irregular variation.
Solution
cyclical variation.

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  • 1. The "up - and - down" component of a time series that represents periods of prosperity followed by recession over extended periods of time longer than one year is called trend variation. seasonal variation. cyclical variation. irregular variation. Solution cyclical variation.