Question

What is time series analysis what are its utility?

Answer 1

Answer:

It helps in understanding past behavior- by observing data over a period of time one can easily understand what changes have been taken place in the past. This analysis will be extremely helpful in predicting the future behavior. Statistical techniques like time series helps to make decision for future.

____

Answer 2

Explanation:

helps in understanding past behavior- by observing data over a period of time one can

have been taken place in the past.

This analysis will be extremely helpful in predicting the future behavior.