Question
Time Series
Answer :
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Time series refers to a sequence of data points collected or recorded at successive points in time, usually at uniform intervals such as daily, monthly, quarterly, or annually. In business research, time series analysis is crucial for understanding patterns, trends, and fluctuations in data over time, which helps in forecasting and decision-making. Time series data typically exhibits components such as trend, seasonal variation, cyclical variation, and irregular or random fluctuations. The trend component reflects the long-term direction in the data, either upward,
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