Question

A pattern of variation of a time series that repeats every year is called ___________.
1. Cyclical
2. Trend
3. Hyperbolic
4. Seasonal

Answer 1

Correct Answer - Option 4 : Seasonal

Explanation

Seasonal variations are those periodic movements in business activity which occur regularly every year and have their origin in the nature of the year itself

∴ Those variations appear during a period of 12 months they can be predicted fairly accurately

∴ Option (4)  is correct option