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Time Series & Trend · Question 6 of 68

Question 6

EasyOriginal question

Which of these describes a univariate time series?

Options for question 6

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. 'Univariate' means one variable; a time series records it at successive times.

  2. So a univariate time series is one variable, such as monthly sales, followed through time.

Worth noting

Ordering values by size destroys the time order, which is the whole point of a time series.

Concept
What a time series is
Typical time
60 s
Your time
—
The rule this testsWhat a time series is
Practise this chapter →

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

Practise this chapter →

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