A financial institution has estimated that over the last ten years the deposit withdrawals during Christmas time is about 25% higher than during any other time of the year.This is the _________________________ of estimating future deposits.
A)trend component
B)seasonal component
C)cyclical component
D)stationary component
E)None of the options is correct

Question

Quizplus · Accepted Answer

The 25% increase in deposit withdrawals during Christmas time compared to any other time of the year is a recurring pattern or seasonality, making it the seasonal component of estimating future deposits.

A Financial Institution Has Estimated That Over the Last Ten