Question

why is it important to plot time serious data?

why is it important to plot time serious data?

Homework Answers

Answer #1

Assuming that the question means 'Time Series' data. Time series data is the data for a particular variable over a period of time. For example, you may have data for GDP of India for fifteen or twenty years. Time Series data is used to uncover trends or to analyze the time path of the variable and hence it becomes easier to visualize this data when one plots it. For example we can check for the stationarity of the series or whether there is autocorrelation in the values just by plotting the data on a time scale.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Why is it important to force the regression line in the Beer’s Law plot of absorbance...
Why is it important to force the regression line in the Beer’s Law plot of absorbance vs. concentration to go through the origin? Would adding the point (0,0) to your data set have had the same affect? Why or Why not? (Beers law Lab)
Why is it important to plot the “pressure vs. temperature” and not the “temperature vs. pressure”...
Why is it important to plot the “pressure vs. temperature” and not the “temperature vs. pressure” ? (Plotted y vs. x)
Is the randomness of a sample important to statistical data collection? Data analysis? Why or why...
Is the randomness of a sample important to statistical data collection? Data analysis? Why or why not for both of the above? How about two real world examples?
Why is GERD a potentially serious disorder?
Why is GERD a potentially serious disorder?
Suppose that you follow a population over time. When you plot your data on a semilog...
Suppose that you follow a population over time. When you plot your data on a semilog plot (using logs with base 10), a straight line with slope 0.21 results. Furthermore, assume that the population size at time 0 was 50. What function best describes the population size at time t? Population at time t is ________________ (simplify as much as you can, there should be no logs in answer)
Why is it important for business managers to be familiar with the time value of money...
Why is it important for business managers to be familiar with the time value of money concepts? Why do we say money has time value?
why is cyberbullying in young adolescents so serious? please give 2 sentences as to why its...
why is cyberbullying in young adolescents so serious? please give 2 sentences as to why its serious and why its a big issue.
Why is it important not to pour two liquids into a solution at the same time?
Why is it important not to pour two liquids into a solution at the same time?
The concentration of ethanol in a patient’s blood was monitored over time. Plot the following data...
The concentration of ethanol in a patient’s blood was monitored over time. Plot the following data in three ways to determine the reaction order and the rate constant. Time (h) [CH3CH2OH] (mM) 0.00 1.000 1.00 0.894 2.00 0.799 3.00 0.714 4.00 0.638 5.00 0.571 6.00 0.510 7.00 0.456 8.00 0.408 9.00 0.364 10.00 0.326
Construct a line plot of the data. Use time to complete the 5K as your X...
Construct a line plot of the data. Use time to complete the 5K as your X axis and frequency as your Y axis. Time to complete 5k (in minutes): 21 21 22 22 23 23 23 24 24 24 24 24 25 25 25 26 26 27 27 Please explain what is the frequency and draw a graph.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT