STA304 GDB Spring 2021 Solution Download PDF

By: Abdul Hadi E-Services

Open Date: 16 July 2021               END Date: 27 July 2021

Question: Do you think, Time Series Analysis is similar/dissimilar with Index Number.

Note:  Clearly mention in 5 points.

Solution:

Yes, Time series and index number is different.

Difference between Time Series and Index Number

Sr. No	Time Series	Index Number
1	According to time: Record data specifically to time	According to time or place. Index number is an example of time series.
2	No time restriction: daily, weekly, monthly or year comparisons	Year wise comparison: Mostly use year for comparisons
3	Has a graph: histogram	No graph
4	Main purpose of time series is Forecast. (inferential)	Main purpose of comparison. (Descriptive)
5	It tells detailed description	Checking percentage increase or decrease

 

 

Download STA304 GDB Solution Spring 2021

Download File Now 

Disclaimer: Please don't copy-paste. Please submit your Assignment in your own writing. Abdul Hadi E-Services will not accept any loss made by you.

Feel free to comment with any suggestions. We welcome everyone.