Because a ski resort does most of its business in the winter,what is the major source of variation that affects sales?
A)Secular trend
B)Seasonal variation
C)Cyclical effect
D)Episodic effects

Question

Quizplus · Accepted Answer

Seasonal variation is the most significant source of variation for a ski resort since its business is highly reliant on the winter season. The demand and revenue generated will fluctuate depending on the time of year, with a peak in revenue during peak skiing season and a decline during the off-season. The other options (secular trend, cyclical effect, and episodic effects) may have an impact on the ski resort's sales, but they are not as significant as seasonal variation.

Because a Ski Resort Does Most of Its Business in the Winter,what