In a time series,high sales in the summer and low sales in the winter is called ________.
A)secular trend
B)seasonal variation
C)cyclical variation
D)variation

Question

Quizplus · Accepted Answer

Seasonal variation refers to regular fluctuations in a time series that occur at regular intervals within a year. The given scenario of high sales in the summer and low sales in the winter is a classic example of seasonal variation. Option A (secular trend) refers to a long-term trend in a time series, option C (cyclical variation) refers to irregular fluctuations that occur over multiple years, and option D (variation) is too general and doesn't specifically describe the given scenario.

In a Time Series,high Sales in the Summer and Low