Define Time Series and Its Characteristics

question 27

Essay

Define time series and its characteristics.

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Definitions:

Reference

a mention or citation of a source of information or evidence in scholarly work, or a recommendation from someone known to the requester.

Punitive Damages

Monetary compensation awarded to the plaintiff, over and above actual damages, intended to punish the defendant for egregious conduct.

Excess

The amount that is more than necessary, needed, or specified; in insurance, it refers to the part of a claim that the insured must pay, which is not covered by the insurer.

Civil Wrong

An action that harms someone else but is not necessarily a criminal act; typically addressed through civil legal proceedings for damages or restitution.