What is a seasonal trend?

These changes can happen in a specific meteorological season, growing season, quarter, month, holiday period or off-peak period. Seasonality typically happens in the commodity market. For example, there is a seasonal trend in the demand for heating oil, pushing prices higher when demand increases and lower when demand decreases.

What is the meaning of trend?

A trend is a change or development towards something new or different. Collins COBUILD Advanced Learner’s Dictionary. Copyright © HarperCollins Publishers A seasonal factor, event, or change occurs during one particular time of the year. Collins COBUILD Advanced Learner’s Dictionary.

Is seasonality a trend or a metric?

Seasonality has very similar effects as trend. In fact, if you âzoom intoâ a time series with seasonality, it really looks like trend. Thatâs because seasonality is variable trend. Instead of increasing or decreasing at a fixed rate, a metric with seasonality increases or decreases with rates that vary with time.

What is an example of a seasonal measure?

One example of a seasonal measure is retail sales, which typically sees higher spending during the fourth quarter of the calendar year. Seasonality refers to periodic fluctuations in certain business areas and cycles that occur regularly based on a particular season.