Question

how does seasonal component differ from cyclical component​

Answer 1

Answer:

A seasonal component in a time series is one in which a particular pattern is repeated after a regular interval. ... A cyclical component in a time series is one in which the pattern is repeated at irregular intervals. The recurrent period of a cyclical component is more than a year.

Step-by-step explanation:

Forecasting

Point forecasts predict a single number in each forecast period, while interval forecasts ... is useful when the time series has both trend and seasonal components.