Time Series Flashcards by Lily Bailey

Q

What is the trend line?

A

The straight line

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Q

What should trend be described as?

A

Increasing, decreasing, fluctuating or no real trend.

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Q

What are the steps for a time series graph?

A

Calculate an n-point move ring average
On the moving averages on a time series graph
Draw a trend line
Describe the trend
Calculate the mean seasonal variation and your trend line to calculate an estimate for that quarter in the following year

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