Definition of Seasonality:
Seasonal effects are different from cyclical effects, as seasonal cycles are observed within one calendar year, while cyclical effects, such as boosted sales due to low unemployment rates, can span time periods shorter or longer than one calendar year.
Periodic, repetitive, and generally regular and predictable pattern in the levels of business activity where most or all sales originate in a particular season, quarter, or month.
Seasonality is a characteristic of a time series in which the data experiences regular and predictable changes that recur every calendar year. Any predictable fluctuation or pattern that recurs or repeats over a one-year period is said to be seasonal.
How to use Seasonality in a sentence?
- Seasonality refers to predictable changes that occur over a one-year period in a business or economy based on the seasons including calendar or commercial seasons.
- With accurate awareness of the seasonality of the tourists, the hotel successfully planned the renovations for when theyd be least intrusive.
- Due to the seasonality of the their landscaping business, they could only offer employment on the basis of part-time, leaving those employed to file for unemployment insurance benefits.
- Companies can use seasonality to help determine certain business decisions such as inventories and staffing.
- We had a lot of seasonality in our business and would sell great around the holiday times, which worked out great for us.
- Seasonality can be used to help analyze stocks and economic trends.
- One example of a seasonal measure is retail sales, which typically sees higher spending during the fourth quarter of the calendar year.
Meaning of Seasonality & Seasonality Definition