Time-series data analysis includes ________.
A) using a variety of time periods to measure the dependent variable
B) using the highest and lowest observation
C) observing different entities during the same time period
D) comparing information in different cost pools

Question

Quizplus · Accepted Answer

Time-series data analysis involves analyzing data that is collected over a period of time. This can include using a variety of time periods to measure the dependent variable, such as analyzing data on a daily, weekly, or monthly basis. Option B is incorrect because using only the highest and lowest observation would not provide a comprehensive understanding of the data. Option C is incorrect because time-series data focuses on observing the same entity over time, not different entities during the same time period. Option D is incorrect because cost pools do not typically relate to time-series data analysis.

Time-Series Data Analysis Includes ________