A Time-Series Model Uses a Series of Past Data Points

question 6

True/False

A time-series model uses a series of past data points to make the forecast.

---

Definitions:

Cryptocurrency

Digital or virtual currency that uses cryptography for security, operating independently of a central bank.

Cryptography

The practice and study of techniques for secure communication in the presence of third parties by converting information into a code to prevent unauthorized access.

Money Order

A money order is a payment order for a pre-specified amount of money, serving as a method of transferring or sending money safely where the use of checks or cash is not possible or advised.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money to a specified person or the bearer, under certain conditions.