One advantage of time series analysis is the assumption that what happened in the past in going to happen in the future.

Question

Quizplus · Accepted Answer

While time series analysis does allow for trends and patterns to be identified in past data, it does not guarantee that these patterns will continue into the future. Other factors and variables can come into play that may disrupt or alter the existing trend. Therefore, time series analysis should always be used with caution and not solely relied upon for future predictions.

One Advantage of Time Series Analysis Is the Assumption That