Q: What is the limitation of Time Series analysis?

Write your answer...

Submit

Still have questions?

Continue Learning about Statistics

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.

yes

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.

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

The main types of series are time series.

Related questions

discuss objective and limitation of time series analysis

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

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

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.

yes

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

A major benefit to environmental analysis is the ability to monitor what the competition is doing. A limitation is the fact that the process takes too long.

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

Time series Analysis Cross-section Analysis Engineering Analysis

Limitation of break even is that it says that all costs remain same while it is not possible in actual world even then it is quite useful for analysis.

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

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.