In a time series, high sales in the summer and low sales in the winter is called?
A) Secular trend
B) Seasonal variation
C) Cyclical variation
D) Variation

Question

Quizplus · Accepted Answer

Seasonal variation refers to regular and predictable fluctuations in a time series that occur annually or within a year. High sales in the summer and low sales in the winter is a classic example of seasonal variation. Secular trend refers to long-term trends and changes over a period of years or decades, while cyclical variation refers to irregular fluctuations in a time series that occur over the course of several years. Variation is a broad term that encompasses all types of fluctuations in a time series.

In a Time Series, High Sales in the Summer and Low