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The ordering of a sequence of observations with respect to time is referred to as time series. It is an important tool for statisticians as it helps them conduct statistical analysis and interpret the results so acquired. This is a highly effective tool and any student of statistics must know it very well. Time Series Homework Help is provided by 24x7homeworksupport.com to aid them in the problems they encounter while working on the exercises that deals with time series data.
Further take on time series analysis
Time series takes into consideration a series of measurements that can be conducted over a time interval. To show them graphically, a scatter diagram is the best mode of representing time series data where time is taken to be the independent variable and is thus plotted on X axis. The two kinds of time series data are continuous and discreet, for further knowledge on which you can look up any basic book of statistics.
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