Question

Discovering data-based trends by analyzing sequences of data over successive times to not only recognize the data pattern but forecast how the data will extend into the future is the goal of:
a. Regression analysis
b. Trend analysis
c. Time series analysis
d. Simulation analysis
e. Spectral analysis

Answer 1

Answer:

c. Time series analysis

Explanation:

Time series analysis is a type of technique used in statistics to analyse data that are based on time and current happenings. Such data are time and period based.

There are 3 types of time series analysis data.

a. Pooled data.

b. Cross section data.

c. Time series data.

Time series analysis helps to determine seasonal variance, trends and future forecast.

Answer 2

Answer:

The correct answer is letter "C": Time series analysis.

Explanation:

Time series analysis is a statistical technique used to understand the factors and the structure of the data being studied. This analysis is helpful to determine the model to forecast which eventually will allow the researcher to make better decisions. The Time series analysis orders the variable values in sequences at equally spaced times.