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प्रश्न
Define Time series
उत्तर
A Time-Series consists of data arranged chronologically – Croxton and Cowden
When quantitative data are arranged in the order of their occurrence, the resulting series is called the Time Series – Wessel and Wallet.
A time series consists of a set of observations arranged in chronological order (either ascending or descending).
Times Series has an important objective to identify the variations and try to eliminate the variations and also helps us to estimate or predict the future values.
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संबंधित प्रश्न
What is the need for studying time series?
Define secular trend
Write a brief note on seasonal variations
Explain cyclic variations
State the two normal equations used in fitting a straight line
State the different methods of measuring trend
The following table gives the number of small-scale units registered with the Directorate of Industries between 1985 and 1991. Show the growth on a trend line by the free hand method.
| Year | No. of units (in '000) |
| 195 | 10 |
| 986 | 22 |
| 1987 | 36 |
| 198 | 62 |
| 1989 | 55 |
| 1990 | 0 |
| 1991 | 34 |
| 1992 | 50 |
Choose the correct alternative:
Factors responsible for seasonal variations are
Choose the correct alternative:
The seasonal variation means the variations occurring with in
Using three yearly moving averages, Determine the trend values from the following data.
| Year | Profit | Year | Profit |
| 2001 | 142 | 2007 | 241 |
| 2002 | 148 | 2008 | 263 |
| 2003 | 154 | 2009 | 280 |
| 2004 | 146 | 2010 | 302 |
| 2005 | 157 | 2011 | 326 |
| 2006 | 202 | 2012 | 353 |
