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प्रश्न
State the uses of time series
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उत्तर
1. It helps in the analysis of the past behavior.
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.
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संबंधित प्रश्न
Define secular trend
Define seasonal index
Explain the method of fitting a straight line
The annual production of a commodity is given as follows:
| Year | production (in tones) |
| 1995 | 155 |
| 1996 | 162 |
| 1997 | 171 |
| 19988 | 182 |
| 1999 | 158 |
| 2000 | 880 |
| 2001 | 178 |
Fit a straight line trend by the method of least squares
The sales of a commodity in tones varied from January 2010 to December 2010 as follows:
| In Year 2010 | Sales (in tones) |
| Jan | 280 |
| Feb | 240 |
| Mar | 270 |
| Apr | 300 |
| May | 280 |
| Jun | 290 |
| Jul | 210 |
| Aug | 200 |
| Sep | 230 |
| Oct | 200 |
| Nov | 230 |
| Dec | 210 |
Fit a trend line by the method of semi-average
Choose the correct alternative:
A time series is a set of data recorded
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A time series consists of
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Factors responsible for seasonal variations are
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The additive model of the time series with the components T, S, C and I is
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The seasonal variation means the variations occurring with in
