Examlex
Over the past five years, a firm's sales have averaged 250 units in the first quarter of each year, 100 units in the second quarter, 150 units in the third quarter, and 300 units in the fourth quarter. What are appropriate quarter relatives for this firm's sales? Hint: Only minimal computations are necessary.
Seasonal Variations
Refers to fluctuations in data or activities that occur regularly based on seasonal changes throughout the year.
Trend Component
A component of time series data that represents the consistent, long-term direction of the data over time.
Regression Analysis
A set of statistical processes for estimating the relationships among variables, often used to predict the value of a dependent variable based on one or more independent variables.
Exponential Smoothing
A time series forecasting method for univariate data that applies diminishing weights to past observations, often used for short-term forecasts.
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