In a Time Series,high Sales in the Summer and Low

question 20

Multiple Choice

In a time series,high sales in the summer and low sales in the winter is called ________.

• A)secular trend
• B)seasonal variation
• C)cyclical variation
• D)variation

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Definitions:

Stanford Prison Study

A psychological experiment conducted in 1971 by Philip Zimbardo at Stanford University, illustrating the effects of perceived power and authority on behavior.

Methodology

A system of methods used in a particular area of study or activity.

Participants

Individuals who take part in a study or experiment, providing data or undergoing certain conditions for research purposes.

Self-Serving Bias

The common human tendency to attribute positive events to one's own character but attribute negative events to external factors.