Question

Define seasonal analysis with an example​

Answer 1

Answer:

Seasonality refers to predictable changes that occur over a one-year period in a business or economy based on the seasons including calendar or commercial seasons. ... One example of a seasonal measure is retail sales, which typically sees higher spending during the fourth quarter of the calendar year.

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Answer 2

Seasonal analysis is when the demand of product or services fluctuate over a period for business entities. Most of the seasonal fluctuations are predictable in those periods.

Explanation:

• Seasonality fluctuations are  to predictable changes that take place in a particular season. The business companies are able to plan their marketing strategies based on these seasonal changes.
• The tourism industry is a good  example of seasonal change analysis. The demand of tourism is greater in certain seasons and lesser in some. This can be seen and verified by the data of  number of visitors visiting the places in different seasons
• The companies are able to forecast their demand and supply of goods based on the data available for these seasonal changes which is a characteristic of a time series that  experiences regular and predictable changes that come up every calendar year.

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