Seasonality occurs when
A)time-series data move upward or downward over time.
B)time-series data follows similar patterns during specific seasons of the year.
C)an unexpected shift occurs in time-series data.
D)an independent variable is correlated with the dependent variable but there is no theoretical justification for the relationship.

Question

Quizplus · Accepted Answer

Seasonality refers to the pattern of data following similar patterns during specific seasons of the year. Therefore, option B is the correct choice. Option A refers to trend, option C refers to a sudden change or shock, and option D refers to spurious correlation.

Seasonality Occurs When