Time Series Analysis Test 2
This stage is characterized by an increase in the production of goods that leads to prosperity:
When the movements in the time series are _____, the straight line is fitted to the time series:
When the movements in the time series are linear, the straight line is fitted to the time series.
How many components are there in time series data?
The time series data has four major components.
Which of the following is not a time series model example?
None of the above
How many cycles does business get?
Expansion, peak, contraction, and trough are the four stages of a business cycle. They don't happen at regular intervals or for the same amount of time every time, but they do have telltale signs.
This is the stage when a thing's production is at its simplest:
What is Seasonal Variation
Seasonal variation is for short-term variation.
Seasonal variation is a variation in a time series that occurs more or less consistently over the course of a year. Temperature, rainfall, public holidays, seasonal cycles, or holidays can all contribute to seasonal variance.
This stage is characterized by a decrease in the production of things:
A recession is a prolonged period of falling economic performance across the entire economy.
We can't find trend values of some things using the moving average method.
Starting and End Periods