Question

Define seasonal analysis with an example

Answer 1

Seasonality is a characteristic of a time
series in which the data experiences regular
and predictable changes that recur every
calendar year. Any predictable change or
pattern in a time series that recurs or
repeats over a one-year period can be said
to be seasonal .

Answer 2

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.