In a time series, high sales in the summer and low sales in the winter is called what?
A) Secular trend
B) Seasonal variation
C) Cyclical variation
D) Variation

Question

Quizplus · Accepted Answer

Seasonal variation refers to regular, predictable fluctuations in a time series that occur due to seasonal factors. High sales in the summer and low sales in the winter are a common example of seasonal variation. Secular trend refers to long-term trends in a time series, while cyclical variation refers to irregular fluctuations that don't follow a predictable pattern. Variation is a general term that can refer to any kind of fluctuation or deviation from a mean or expected value.

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