Question

There are historically three 32-month periods of generally rising prices in the stock market for every one 9-month period of falling prices. This observation leads you to conclude that the stock market exhibits a: random pattern. trend pattern seasonal pattern. cyclical pattern.

Answer 1

cyclical pattern

Step-by-step explanation:

In the given situation, it is mentioned that the data represent an upward trend and it shows an downward trend for exact 32 months and 9 months so here we can say that the data should be of cyclical in nature

So as per the given situation, it is the cyclical pattern

Therefore the same to be considered and relevant