The rise in prices before festivals is an example of
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Seasonal trend
A seasonal variation is a pattern that repeats regularly within a year, linked to seasons, festivals or customs. Prices rise before festivals at about the same time every year, so this is a seasonal trend.
Why the other options are incorrect
Option (1) Long term trend — Incorrect. A long-term trend is the general rise or fall of a series over many years, not a movement that repeats every year.
Option (2) Cyclical trend — Incorrect. Cyclical variations are the ups and downs of business cycles, which last more than a year.
Option (4) Irregular trend — Incorrect. Irregular variations come from unpredictable events (floods, strikes, wars); festivals come at known times every year.
CBSE Applied Mathematics (Class XII):
Time Series Analysis
