What component of a time series has variations in demand which show peaks and valleys that repeat over a consistent interval such as hours, days, weeks, months, or years?
A) Trend Variations
B) Cyclical Variations
C) Random Variations
D) Seasonal Variations

Question

Quizplus · Accepted Answer

Seasonal variations have variations in demand that show peaks and valleys which repeat over regular intervals such as hours, days, weeks, months, or years.

What Component of a Time Series Has Variations in Demand