A set of observations recorded at an equal interval of time is called?
Question: A set of observations recorded at an equal interval of time is called?
A set of observations recorded at an equal interval of time is called a time series. Time series data is commonly used in statistical analysis and forecasting to identify patterns, trends, and relationships between variables over time. Examples of time series data include stock prices, weather patterns, and economic indicators such as GDP and unemployment rates. Time series analysis typically involves techniques such as trend analysis, seasonal analysis, and forecasting using statistical models such as ARIMA and exponential smoothing.
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