A restaurant has been experiencing higher sales during the weekends,compared to the weekdays.Daily restaurant sales patterns for this restaurant over a week are an example of a(n)_________ component of a time series.
A)Trend
B)Seasonal
C)Cyclical
D)Irregular

Question

Quizplus · Accepted Answer

The higher sales during weekends indicate a repetitive pattern that occurs within a specific time period, which is a characteristic of seasonal components in a time series. Trends refer to long-term patterns in the data, cyclical components refer to recurring but non-repeating patterns, and irregular components are unpredictable fluctuations.

A Restaurant Has Been Experiencing Higher Sales During the Weekends,compared