Author Question: With reference to time series data patterns, a cyclical pattern is the component of the time series ... (Read 391 times)

schs14 · **on:** Jun 24, 2018

With reference to time series data patterns, a cyclical pattern is the component of the time series that:
a. shows a periodic pattern over one year or less.
b. does not vary with respect to time.
c. results in periodic above-trend and below-trend behavior of the time series lasting more than one year.
d. is characterized by a linear variation of the dependent variable with respect to time.

Question 2

Which of the following relates to costs of conformance?
a. Defective products that reduce goodwill.
b. Poor quality requiring product recalls.
c. Periodic worker training.
d. Poor quality requiring warranty expenses.
e. Product liability lawsuits.