Examlex
The concept of elasticity is used to:
Trend Model
A statistical model that attempts to capture underlying patterns or trends in a dataset.
Annual Time-Series
A sequence of data points recorded or measured at successive time intervals, each interval being one year, used to analyze trends over time.
Moving Averages
A mathematical method that examines time series information by generating a sequence of means from various segments of the entire data set.
Seasonal Variation
It refers to periodic fluctuations in data or observations that occur regularly based on seasonal changes throughout the year.
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