​Which of the Following Is True of Time Series Data

question 24

Multiple Choice

​Which of the following is true of time series data?

• A)​The time series data is easier to analyze than cross-sectional data.
• B)​The time series data are independent across time.
• C)​The chronological ordering of observations in a time series conveys potentially important information.
• D)​A time series data set consists of observations on a variable or several variables at a given time.

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Definitions:

Product-by-value Analysis

A method for prioritizing products or projects based on their monetary value and impact on the company's goals.

Financial Analysis

The evaluation of a business's financial statements to understand its performance, liquidity, and solvency, among other factors.

Firm's Resources

Assets, capabilities, organizational processes, firm attributes, information, and knowledge that a firm controls and can use to conceive and implement its strategies.

Forecasting Capacity Requirements

The process of predicting the resources (such as machinery, labor, and space) needed to meet product demand at a future time.