Use the following to answer the question below.
The time series graph below shows monthly sales figures for a specialty gift item sold on the Home Shopping Network (HSN).
-The dominant time series component in these data is
A) Cyclical
B) Seasonal
C) Randomness
D) Irregular
E) Error

Question

Use the following to answer the question below.
The time series graph below shows monthly sales figures for a specialty gift item sold on the Home Shopping Network (HSN). 
-The dominant time series component in these data is
A) Cyclical 
B) Seasonal 
C) Randomness 
D) Irregular 
E) Error

Quizplus · Accepted Answer

The sales figures show a clear pattern repeating over one year, indicating a seasonal component. There is no clear evidence of cyclical, randomness, irregularity, or error in the data.

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