Graph-Advantage:Allows you to see patterns more easily.
Disadvantage:can't see precise values
Table-Advantage:Can allow you to precisely see the effect of the input variable on the output.
Disadvantage:Harder to see patterns
Word Descriptions-Advantage:Allows you to describe data values.
Disadvantage:Can't see precise values
The conclusion may only apply to the patterns that you observe and so you simply use your observational skills. There is no requirement for the conclusion to be a generalisation. If the conclusion is a generalisation based on the observed patterns then you will have used induction.
inductive reasoning
the sum of a number and 16 is equal tu 45
by entering data into a table or graph, you can see trends and patterns in many events
Pi is a type of number called an irrational number. That means it cannot be written as a fraction. If we write the decimal representation of Pi, the first 4 numbers after the decimal are 1415 but it does continue on forever and there is no repeating patterns. The fact that is cannot be written as a fraction is equivalent to saying its decimal repesentation goes on forever. This is because if we COULD write it as a fractions, say by contradition the Pi is 3.14159 exactly (by contradiction means we know it is not) Then we could simply take this number and multiply the numerator and denominatory by 100000 and we would have a fraction, namely 314159/100000, but this means Pi is rational and it is not. THIS IS NOT a proof that pi is irrational. That proof is not too hard, but I will wait for someone to ask for it.
disadvantage making predictions
Inductive reasoning.
Using patterns and equations is a great way to make predictions. By analyzing patterns and equations, you'll have a better idea of what way your information will lay. While previous patterns and equations will not always guarantee that your new information will pattern in the same way, it should give you a more accurate predictions.
all of these
Graph-Advantage:Allows you to see patterns more easily. Disadvantage:can't see precise values Table-Advantage:Can allow you to precisely see the effect of the input variable on the output. Disadvantage:Harder to see patterns Word Descriptions-Advantage:Allows you to describe data values. Disadvantage:Can't see precise values
flowchart
The advantage of time series analysis is that it is a very effective method of forecasting because it makes use of the seasoned patterns. The disadvantage is that it is costly because the forecasts are based on the historical data patterns that are used to predict the future market behavior.
Patterns
it can make creative patterns
Comparitive advantage.
5 days
One advantage of graphing daa in general is to see patterns. Many types of graphs will show patterns. Line graphs are excellent for seeing patterns and trends.