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

Question

Quizplus · Accepted Answer

The higher sales during the weekends compared to weekdays indicate a repeating pattern over time, and this is the definition of a seasonal component in a time series. Trends show gradual changes over time, cyclical components show repeating patterns over longer time periods, and irregular components are unpredictable fluctuations.

A Restaurant Has Been Experiencing Higher Sales During the Weekends