If a pattern appears like cycles or seasonality when a dependent variable is plotted against time,one should use time series analysis instead of regression analysis.

Question

Quizplus · Accepted Answer

Time series analysis is specifically designed to analyze and forecast data that exhibits patterns over time, such as cycles or seasonality, making it more suitable for such data than regression analysis, which does not inherently account for time-based dependencies.

If a Pattern Appears Like Cycles or Seasonality When a Dependent