increase in death rate .which type of times series component is this
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You may have heard people saying that the price of a particular commodity has increased or decreased with time. This commodity can be anything like gold, silver, any eatables, petrol, diesel etc. Also, you may have heard that the rate of interest has increased in banks. The rate of interest for home loans has decreased. What are all these? How are they useful to us? These types of data are the time series of data. In this section, we will study about time series and the components of the time series and time series analysis.
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