2 ms·
noun: cycle; plural noun: cycles 1.a series of events that are regularly repeated in the same order. So no, the "business cycle" is not a cycle. In the se
by VHRanger 9y ago
noun: cycle; plural noun: cycles
1.a series of events that are regularly repeated in the same order.
So no, the "business cycle" is not a cycle. In the sense that you won't successfully fit a sin curve through the GDP that predicts timing or magnitude of significant deviations from the log GDP time series trend.
- kgwgk 9y agoYou forgot to include the example: "the recurrent cycle of harvest failure, food shortages, and price increases" Can you predict the timing and magnitude of food shortages and prices?