Author Question: Which of the following states the objective of time series analysis? a. To predict the values of a ... (Read 50 times)

meagbuch · **on:** Jun 24, 2018

Which of the following states the objective of time series analysis?
a. To predict the values of a time series based on one or more other variables.
b. To analyze the cause-and-effect relationship of a dependent variable with a time series and one or more other variables.
c. To use present variable values to study what should have been the ideal past values.
d. To uncover a pattern in a time series and then extrapolate the pattern into the future.

Question 2

A chart that is recommended as an alternative to a pie chart is a
a. bar chart. b. line chart.
c. stacked column chart. d. box plot.

ebonylittles · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

d
RATIONALE: The objective of time series analysis is to uncover a pattern in the time series and then extrapolate the pattern into the future.

Answer to Question 2

a
RATIONALE: Making visual comparisons is much easier in the bar chart than in the pie chart. It is recommended against using pie charts in most situations and suggested using bar charts for comparing categorical data instead.