Advertisements
Advertisements
प्रश्न
What is the need for studying time series?
Advertisements
उत्तर
We should study time series for the following reasons:
1. It helps in the analysis of past behaviour.
2. It helps in forecasting and for future plans.
3. It helps in the evaluation of current achievements.
4. It helps in making comparative studies between one time period and others.
Therefore time series helps us to study and analyze the time-related data which involves in business fields, economics, industries, etc.
APPEARS IN
संबंधित प्रश्न
State the uses of time series
Write a brief note on seasonal variations
Define seasonal index
The following figures relates to the profits of a commercial concern for 8 years
| Year | Profit (₹) |
| 1986 | 15,420 |
| 1987 | 15,470 |
| 1988 | 15,520 |
| 1989 | 21,020 |
| 1990 | 26,500 |
| 1991 | 31,950 |
| 1992 | 35,600 |
| 1993 | 34,900 |
Find the trend of profits by the method of three yearly moving averages
Use the method of monthly averages to find the monthly indices for the following data of production of a commodity for the years 2002, 2003 and 2004
| 2002 | 2003 | 2004 |
| 15 | 20 | 18 |
| 18 | 18 | 25 |
| 17 | 16 | 21 |
| 19 | 13 | 11 |
| 16 | 12 | 14 |
| 20 | 15 | 16 |
| 21 | 22 | 19 |
| 18 | 16 | 20 |
| 17 | 18 | 1 |
| 15 | 20 | 16 |
| 14 | 17 | 18 |
| 18 | 15 | 20 |
The following table shows the number of salesmen working for a certain concern:
| Year | 1992 | 1993 | 1994 | 1995 | 1996 |
| No. of salesman |
46 | 48 | 42 | 56 | 52 |
Use the method of least squares to fit a straight line and estimate the number of salesmen in 1997
Choose the correct alternative:
The seasonal variation means the variations occurring with in
The sum of the infinite series `x + (1 + 2)/(2!) x^2 + (1 + 2 + 3)/(3!) x^3 +` .... equals
The sum of the series `log_4 2 - log_8 2 + log_16 2 + ...............` to `oo` is
Let An be the sum of the first n terms of the geometric series `704 + 704/2 + 704/4 + 704/8 + ...` and Bn be the sum of the first n terms of the geometric series `1984 - 1984/2 + 1984/4 + 1984/8 + ...` If An = Bn, then the value ofn is (where n ∈ N).
