Chapter 1: Characteristics of Time Series Flashcards
1
Q
define Time Series Data
A
a sequence of inforation which attaches a time period to each value.
* The values can be prices, number of people, etc
2
Q
Define time-period
A
the inteval of the time between recording one point of thr det snd the next
3
Q
define frequency
A
how often values of the data set are recorded.
* Daily, monthly, quartly, yearly
4
Q
A
