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) all of the choices are differences.
E) none of the choices are differences.

Question

Quizplus · Accepted Answer

Seasonality refers to repeating patterns that occur within a one-year period (e.g. summer vs. winter sales), while cycles refer to longer-term repeating patterns (e.g. economic booms and busts) that may last several years or even decades. Therefore, the primary difference between seasonality and cycles is the duration of the repeating patterns.

The Primary Difference Between Seasonality and Cycles Is