Looking for reliable answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Get immediate and reliable solutions to your questions from a community of experienced experts on our Q&A platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
Sagot :
A repeated pattern of spikes or drops in demand associated with certain times of the year in a time series is called "Seasonality"
What is Seasonality?
Seasonality is a property of a time - series data that occurs when the data goes through predictable and recurring changes on a yearly basis. Seasonal refers to any predictable variation or pattern that repeats or repeats over the course of a year.
Some characteristics of seasonality are-
- Seasonality is the term used to describe predictable changes that take place over the course of a year in an economy or business based on the seasons, such as the calendar and commercial seasons.
- Stocks & economic trends can be analyzed using seasonality.
- Businesses can use seasonally to inform choices about inventory levels and employee scheduling, for example.
- Retail sales, which normally see increased spending during the 4th quarter of calendar year, are one instance of a seasonal measure.
To know more about seasonal index, here
https://brainly.com/question/16850606
#SPJ4
We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.
