Cyclical period changes are a fairly common phenomenon in close binary systems and are usually explained as due to either the magnetic activity of one or both components (e.g., Applegate 1992) or to the light-travel time effect(LTTE) of a third body. We searched the orbital period changes in 182 EA-type (including the 101 Algol systems used by Hall (1989)), 43 EB-type and 53 EW-type binaries with known both the mass ratio and the spectral type of their secondary components. We reproduced and improved the same diagram as Hall's (1989) according to the new collected data. Our plots do not support the conclusion derived by Hall (1989) that all cases of cyclical period changes are restricted to binaries having the secondary component with spectral types later than F5. The presence of period changes also among stars with secondary component of early type indicates that the magnetic activity is one cause, but not the only one, for the period variation. It is discovered that cyclic period changes, likely due to the presence of a third body are more frequent in EW-type binaries among close binaries. Therefore, the most plausible explanation of the cyclical period changes is the LTTE via the presence of a third body. By using the century-long historical record of the times of light minimum, we analyzed the cyclical period change in the Algol binary WW Dra. It is found that the orbital period of the binary shows a ∼ 112.2yr cyclic variation with an amplitude of ∼ 0.1977days. The cyclic oscillation can be attributed to the LTTE via a third body with a mass no less than 6.43M ⊙ . However, no spectral lines of the third body were discovered indicating that it may be a candidate black hole. The third body is orbiting the binary at a distance shorter than 14.4 AU and it may play an important role in the evolution of this system.