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16. (a) Give an example of a time series which is dominated by its seasonal component (1 marka tb] Give an example of a time

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16. (a) Give an example of a time series which is dominated by its seasonal component (1 marka tb] Give an example of a time series which is dominated by its trend component. (1 martie (a) Give an example of a time series which is dominated by its cyclical component. (1 mark (a) What is the difference between a 'classical recession and a growth recession? (1 mark) ia (e) Explain what the process of seasonal adjustment entails. How does it cope with Easter and Lunar New Year? (3 marles ( What is the difference between an economic recovery and an economic expansion? (1 mark (s) What is a moving average and for what is it used? 12 mars

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