Question

[65] How the data is arranged in a Time Series. Analysis?
(a) In descending order of their Magnitude
(b) Arranged abruptly
(c) Arranged Chronologically
(d) In ascending order of their Magnitude
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Answer 1

Answer:

In time series quantitative data are arranged in the order of their occurrence and resulting statistical series. The quantitative values are usually recorded over equal time intervals such as daily, weekly, monthly, quarterly, half-yearly, yearly, or any other measure of time.

Answer 2

Answer:

The data is arranged in a Time Series Analysis is arranged chronologically.

Step-by-step explanation:

Time series analysis is defined as a particular way of analyzing a sequence of data points that are collected over an interval of time.

Here, analysts just records data points at consistent intervals over a set period of time instead of just recording of the data points randomly or intermittently.

The components are trend, seasonal and irregular.

Here, data is arranged in the order of their occurrence and resulting statistical series. It is arranged chronologically.

Hence, option (C) is correct.

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