Question
How does seasonal component differ from the cyclical component?
✓
Answer
Seasonal component and cyclical component differ in the following manner:,
— The variations occurring in the time series almost regularly over less than one year is the effect of seasonal component, while that of more than a year is the effect of cyclical component.
—The period of oscillation of seasonal component is usually less than a year, while it can be $2$ to $10$ years and in special circumstances it can also be $10$ to $15$ years.
— Seasonal component is the effect of natural factors and man-made factors, while cyclical component is the effect of economic situations and business cycles.
—The increase in the sales of readymade garments and shoes daring festivals is an example of seasonal component while the cycles of boom and recession are the examples of cyclical component.
— The variations occurring in the time series almost regularly over less than one year is the effect of seasonal component, while that of more than a year is the effect of cyclical component.
—The period of oscillation of seasonal component is usually less than a year, while it can be $2$ to $10$ years and in special circumstances it can also be $10$ to $15$ years.
— Seasonal component is the effect of natural factors and man-made factors, while cyclical component is the effect of economic situations and business cycles.
—The increase in the sales of readymade garments and shoes daring festivals is an example of seasonal component while the cycles of boom and recession are the examples of cyclical component.
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