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Time Series & Trend · Question 3 of 68

Question 3

EasyOriginal question

Read the two statements and choose the correct option.

I. A time series is data arranged in the order of time.

II. A univariate time series records one variable over time.

Options for question 3

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. I: chronological order is what makes data a time series. True.

  2. II: 'univariate' means a single variable, such as yearly sales. True.

Concept
What a time series is
Typical time
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The rule this testsWhat a time series is
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Ten questions from Time Series & Trend, at your own pace.

Practise this chapter →

Ten questions from Time Series & Trend, at your own pace.