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प्रश्न
What is the need for studying time series?
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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
Mention the components of the time series
Write a brief note on seasonal variations
Discuss about irregular variation
Explain the method of fitting a straight line
Determine the equation of a straight line which best fits the following data
| Year | 2000 | 2001 | 2002 | 2003 | 2004 |
| Sales (₹ '000) | 35 | 36 | 79 | 80 | 40 |
Compute the trend values for all years from 2000 to 2004
Calculate the seasonal indices from the following data using the average method:
| Year | I Quarter | II Quarter | III Quarter | IV Quarter |
| 2008 | 72 | 68 | 62 | 76 |
| 2009 | 78 | 74 | 78 | 72 |
| 2010 | 74 | 70 | 72 | 76 |
| 2011 | 76 | 74 | 74 | 72 |
| 2012 | 72 | 72 | 76 | 68 |
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 additive model of the time series with the components T, S, C and I is
Choose the correct alternative:
Least square method of fitting a trend is
The sum of the infinite series `x + (1 + 2)/(2!) x^2 + (1 + 2 + 3)/(3!) x^3 +` .... equals
