Examlex
Explain how our standard of living depends upon our level of real GDP per person,but there might not be a one-to-one relationship between the standard of living and real GDP per person.Give examples of things that can affect one,but not the other.
Level Shift
A sudden, lasting change in the time series data that can significantly affect the data's trend, usually detected through statistical analysis.
Cycle
In the context of data analysis, a period or sequence of events that repeats regularly.
Trend
The general direction in which something is developing or changing over time.
Control Chart
A graphical tool used in process control to display how a process changes over time, highlighting whether the process stays within predetermined control limits.
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