Since a ski resort does most of its business in the winter, what is the major source of variation that affects sales?
A) Secular trend
B) Seasonal variation
C) Cyclical effect
D) Episodic effects

Question

Quizplus · Accepted Answer

Seasonal variation is the major source of variation that affects sales for a ski resort as their business is focused on winter activities. Therefore, the sales vary depending on the time of the year and the amount of snow on the slopes. The other options such as secular trend, cyclical effect or episodic effects are less likely to have a significant impact on the sales of a ski resort, as they are not directly related to the seasonal pattern of their business.

Since a Ski Resort Does Most of Its Business in the Winter