Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

The increase in the sale of shawls during winters is an example of :

Options:

Trend component of time series

Cyclical component of time series

Seasonal component of time series

Irregular component of time series

Correct Answer:

Seasonal component of time series

Explanation:

The correct answer is Option (3) → Seasonal component of time series

In this case, the increase in sale of shawls during winters is an example of a seasonal variation.