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Quantitative Techniques – I Dilfraz Singh, Lovely Professional University

Notes Unit 11: Analysis of Time Series

CONTENTS
Objectives

Introduction

11.1 Time Series
11.1.1 Objectives of Time Series Analysis
11.1.2 Components of a Time Series

11.1.3 Analysis of Time Series

11.1.4 Method of Averages
11.2 Seasonal Variations
11.2.1 Methods of Measuring Seasonal Variations

11.3 Summary

11.4 Keywords
11.5 Review Questions
11.6 Further Readings

Objectives

After studying this unit, you will be able to:

Define the term time series
Discuss the objective and components of time series
Make analysis of time series

Brief about seasonal variations

Explain various methods of measuring seasonal variations and state their merits and
demerits

Introduction

The data on the population of India is a time series data where time interval between two
successive figures is 10 years. Similarly figures of national income, agricultural and industrial
production, etc., are available on yearly basis.

Did u know? The successive intervals are usually equal time intervals, e.g., it can be
10 years, a year, a quarter, a month, a week, a day, an hour, etc.

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