What is variation within a year, such as high sales at Christmas and Easter and low sales in January, called?
A) Secular trend
B) Seasonal variation
C) Cyclical variation
D) Episodic variation
E) Irregular variation

Question

Quizplus · Accepted Answer

Seasonal variation refers to the regular pattern of highs and lows within a year, typically due to factors such as holidays, weather, and other calendar-related events. The other options, such as secular trend (long-term upward or downward trend), cyclical variation (pattern of alternating periods of growth and decline), episodic variation (sporadic or random fluctuations), and irregular variation (unpredictable fluctuations) do not fit the description of predictable patterns within a year.

What Is Variation Within a Year, Such as High Sales