A Time-Series Chart Is a Graphical Representation Showing Change of a Variable

question 104

True/False

A time-series chart is a graphical representation showing change of a variable over time. Time-series charts are used for data that changes continuously, such as stock prices. They allow for a clear visual representation of a change in one variable over a set amount of time.

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Definitions:

Activity Duration

The total time taken from the start to the completion of an activity or task within a project.

Critical Path Methods

A project management technique that identifies the longest sequence of dependent tasks and allocates resources to minimize total project duration.

Slack Time

Free time for an activity.

Activity Durations

The estimated time periods that tasks or activities within a project are expected to take to complete.