The primary difference between seasonality and cycles is:
A)the duration of the repeating patterns.
B)the magnitude of the variation.
C)the ability to attribute the pattern to a cause.
D)There is more forecasting "noise" in a cycle.
E)There is less forecasting "noise" in a cycle.

Question

Quizplus · Accepted Answer

Seasonality refers to patterns that repeat with a fixed frequency within a year, such as sales of winter jackets peaking in winter and dropping in summer. Cycles, on the other hand, refer to patterns that repeat with a frequency of more than a year, such as economic booms and busts. The key difference between the two is the duration of the repeating pattern.

The Primary Difference Between Seasonality and Cycles Is