That sales for snow shovels are typically much higher in the winter is an example of seasonality.
Seasonality refers to fluctuations in your income revenue that are because by outside elements and arise on a predictable agenda across the same time(s) every year.
Seasonality refers to predictable adjustments that arise over a one-year duration in a business or financial system based totally on the seasons such as calendar or industrial seasons. Seasonality can be used to assist examine shares and economic trends.
Through seasonality, we mean periodic fluctuations. For instance, retail sales generally tend to peak for the Christmas season and then decline after the vacations. So time collection of retail sales will normally display growing sales from September through December and declining income in January and February.
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