Seasonality

Concept and definition

Seasonality

What is Seasonality?

Seasonality is a recurring pattern that occurs in data over a given time interval, which can be daily, weekly, monthly or yearly. Seasonality can be observed in many types of data, such as product sales, website traffic, crop production, among others.

In data analytics and machine learning, it is important to take seasonality into account, as it can affect the accuracy of models and predictions. Models that do not take seasonality into account can produce inaccurate or biased results. Therefore, it is important to identify seasonality in the data and adjust models to account for these recurring patterns.

Machine learning algorithms can help identify seasonality in the data and adjust models to account for these recurring patterns. For example, regression models can include seasonal variables to capture the effects of recurring patterns in the data. In addition, time series models can use specific techniques to model seasonality in the data and make accurate predictions.

« Back to glossary

Do you want to get in touch?

CDRs contain data that a telecommunications company collects about phone calls, such as time and length of call. This data can be used in analytical applications.
Fill the form
Share:
The most effective way to collect unpaid debts without complicating life

Collecting debts, nowadays, is becoming an arduous task for many companies or freelancers. More and more banks, debt collection [...]

Read More »
How to meet customer needs

It is vital to understand, identify and satisfy customer needs. In this way, our business will be able to offer products and [...]

Read More »
AI, a new ally for telemarketing

The acquisition of new customers is one of the most important and difficult processes for a company. Traditionally, it has been necessary to resort to [...]

Read More »
What is Buy Now Pay Later (BNPL) and how does it benefit your online business?

The banking sector has undergone considerable transformations over the past 10 years. Especially as banking has become more integrated and [...]

Read More »
See more entries
© Gamco 2021, All Rights Reserved - Legal notice - Privacy - Cookies