Explain probability plot and time series plot with examples.
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How to Draw a Normal Probability Plot
★ Arrange your x-values in ascending order.
★ Calculate fi = (i-0.375)/(n+0.25), where i is the position of the data value in the. ordered list and n is the number of observations.
★ Find the z-score for each fi
★ Plot your x-values on the horizontal axis and the corresponding z-score.
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