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ch09.03 question 9 of 13 select patterns are characterized by repeatable periods of ups and periods of time while select patterns are regular eries that take place over long periods of time. select options: random variation, cyclical, irregular variation, seasonal
For the first blank: Cyclical patterns have repeatable periods of ups and downs over time (like business cycles). For the second blank: Seasonal patterns are regular and occur over long periods with seasonal cycles (e.g., sales during holidays yearly). Random variation is unpredictable, irregular variation is non - periodic, so they don't fit.
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First blank: Cyclical
Second blank: Seasonal