Discuss the Two Difficulties Commonly Found with Time Series and How

question 14

Essay

Discuss the two difficulties commonly found with Time series and how to correct it.

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Definitions:

1970s

Refers to the decade from 1970 to 1979, characterized by significant political, social, economic, and cultural shifts worldwide.

FOMC

The Federal Open Market Committee, which is the branch of the Federal Reserve responsible for overseeing the nation's open market operations and interest rates.

Government Securities

Financial instruments issued by the government to raise funds from the public, promising to pay back with interest.

Lender of Last Resort

An institution, usually a country's central bank, which offers loans to banks or financial institutions that are struggling to survive in order to prevent systemic failure.