________ is a consistent movement in the time series data that repeats on a regular basis. An example is an increase in revenue every June, July and August due to summer beach sales.
A) A dependent variable
B) A time trend
C) Seasonality
D) Noise

Question

Quizplus · Accepted Answer

Seasonality refers to patterns or movements in time series data that occur at regular intervals due to seasonal factors. The example given, where revenue increases every summer, is a classic case of seasonality.

________ Is a Consistent Movement in the Time Series Data