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What Would Sociologists Be Measuring If They Compared a Family's

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What would sociologists be measuring if they compared a family's household income in India with the cost of buying a staple such as rice?


Definitions:

Time Series Value

A data point that is part of a sequence of values captured at successive points in time.

Time Series Components

The underlying patterns and structures that describe how data changes over time, including trend, seasonality, and noise.

Long-Term Trend Component

A pattern in time-series data that captures persistent, gradual changes over long periods.

Time Series

A sequence of data points collected or recorded at successive points in time, often analyzed to identify trends or patterns.

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