BUSMGT 2320 Lecture 14: 14. Intro to Forecasting
29 Apr 2017
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Data collected at the same time, or approximately the same point in time, often for multiple variables. Data collected at more than one period of time, sequentially over several periods at regular intervals. The third quarter demand for electricity (1000"s kwh) by all commercial customers of aep last year: b. The number of units of a particular product sold over the past ten months: Which of the following does not constitute a time series? i. ii. iii. iv. Annual household income of all families in columbus last year. The number of kilowatts of electricity used by a firm each week last year. Quarterly sales by gander mountain from 2000 through 2010. The daily high temperature in a local for the past month. Specific types of patterns or movements that might be observed in time series data: Successive points are connected by line segments a. b. c. d. e. a. b.
