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What is meant by cyclical component ? |
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Answer» The variations occurring in the time series at approximately regular intervals of more than one year due to the effect of depression, recovery, boom, recession and business cycle are called cyclical variations known as cyclical component. It is denoted by ‘Ct‘. The oscillation period for cyclical component can be 2 to 10 years. In specific circumstances it can also be 10 to 15 years. |
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