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A time series analysis of a business's sales shows a decline in sales every summer, with a peak during the winter. These results could be: a. a downward trend b. cyclical fluctuations. c. an upward trend d. seasonal fluctuations.
I agree with Ramesh
Also, it needs to be seen whether it is a regular variation / irregular variation
Seasonal Fluctiations : Only if the patterns repeat themselves each year.
D: Seasonal flactuations.
D is the correct answer.
Answer is D
D
The answer is seasonal fluctutation
d. seasonal fluctuations. since sales performance directly affected by season change
