What is time-series analysis? How are time-series analysis and forecasting, used at your workplace?

My workplace is a 3PL (3rd party logistics) where I am the accounting manager have 3 billing/AP assistants. I am telling you my work background because one of the questions asks about workplace. I process all tax
reports quarterly and yearly, I balance the books each month and quarter, do bank reconcilations, payroll, and more.

DQ1:
-What is time-series analysis? How are time-series analysis and forecasting, used at your workplace?

DQ2:
-What are the differences among a long-term trend, cyclical variation, seasonal variation, and random
variation?

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