STA304 - Applied Statistics GDB No 1 Solution Spring 2021

 

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Requirement:

Do you think, Time series Analysis (Raise For Success) is similar / dissimilar with index Number?

Note: Clearly mention in 5 points.

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Answer:

Yes, I have noticed that time (Raise For Success) series analysis is dissimilar with index number. There are five points that clear this concept easily that are at below:

Sr. No	Time Series	Index Number
1	Main resolution (Raise For Success) of time series is calculation (inferential).	Main resolution of index number is evaluation (descriptive).
2	It has a graph histogram.	No graph.
3	It tells detailed (Raise For Success) explanation	It authorizations (Raise For Success) percentage that increase or decrease
4	There is no time limit in time series	Index amount mostly use yearly comparison
5	According to the time record data exactly (Raise For Success) with the time.	According to the time or place. Index number is an sample of time series.

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