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The main disadvantage is the relative lack in the statistical and econometric communities of information, knowledge and software regarding certain models.

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What are the problems of time series analysis?

in this analysis is not static if we want analys rainy season disease may be come or not an another major problem is the same example as above if research is not finish we wait for till next season


What is mathematical method of analysis?

Analysis is the branch of mathematics dealing with limits and related theories, such as differentiation, integration, measure, infinite series and analysis functions.


What are some disadvantages of 360 degree feedback?

Three-hundred-sixty degree feedback has several disadvantages. Some of the disadvantages of three-hundred-sixty degree feedback are that it is costly and time-consuming.


What is the irregular component in time series data?

The irregular component in time series data refers to the unpredictable and random fluctuations that cannot be attributed to systematic factors such as trends or seasonal patterns. This component is often seen as noise, arising from unforeseen events, measurement errors, or other anomalies that do not follow a discernible pattern. It complicates forecasting and analysis because it introduces uncertainty and variability that are difficult to model or predict. Understanding the irregular component is essential for accurately interpreting time series data and improving forecasting accuracy.


How can correlation and regression analysis be used to make strategic decisions in a dynamic competitive business environment filled with risk and uncertainty.?

Correlation and regression analysis can help business to investigate the determinants of key variables such as their sales. Variations in a companies sales are likely to be related to variation in product prices,consumers,incomes,tastes and preference's multiple regression analysis can be used to investigate the nature of this relationship and correlation analysis can be used to test the goodness of fit. Regression can also be used to estimate the trend in a time series to make forecast

Related Questions

Time Series Analysis Advantages and Disadvantages?

yes


What are the disadvantages of video analysis?

Disadvantages of video analysis include having to invest in PC hardware to do the analysis. The time that can be involved is another disadvantage.


What are the advantages and disadvantages of time series analysis?

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.


What has the author Henrik Madsen written?

Henrik Madsen has written: 'Time series analysis' -- subject(s): Time-series analysis


What has the author Raphael Raymond V Baron written?

Raphael Raymond V. Baron has written: 'Analysis of seasonality and trends in statistical series' -- subject(s): Seasonal variations (Economics), Statistics, Time-series analysis 'The analysis of single and related time series into components' -- subject(s): Time-series analysis


What is the difference between time series and regression analysis?

A time series is a sequence of data points, measured typically at successive points in time spaced at uniformed time intervals. Time series analysis comprises methods for analyzing time series data in order to extract meaningful statistics. Regression analysis is a statistical process for estimating the relationship among variables.


What has the author R Mejia written?

R. Mejia has written: 'Time series analysis: theory and practice' -- subject(s): Computer programs, Time-series analysis


What has the author Ign Agung written?

Ign Agung has written: 'Time series data analysis using EViews' -- subject(s): Econometric models, Time-series analysis


What are the different types of statistical analysis used in the estimation of production function?

Time series Analysis Cross-section Analysis Engineering Analysis


What is the limitation of Time Series analysis?

its only for short term


What has the author Theodore Wilbur Anderson written?

Theodore Wilbur Anderson has written: 'An introduction to the statistical analysis of data' -- subject(s): Mathematical statistics 'The statistical analysis of time series' -- subject(s): Time-series analysis


What is the Difference between time series and regression?

A time series is a sequence of data points, measured typically at successive points in time spaced at uniformed time intervals. Time series analysis comprises methods for analyzing time series data in order to extract meaningful statistics. Regression analysis is a statistical process for estimating the relationship among variables.