For each of the following common patterns found in time series, identify a reasonable example from the real-world that would likely exhibit this pattern.a. Horizontal b. Trend c. Seasonality d. Cyclical
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For each of the following common patterns found in time series, identify a reasonable
example from the real-world that would likely exhibit this pattern.a. Horizontal
b. Trend
c. Seasonality
d. Cyclical
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- In the theory of time series, earthquakes can be considered as a. Seasonal Variation b. Cyclical Variation c. Irregular Variations d. Secular TrendA time series that shows a recurring pattern over one year or less is said to follow a a. horizontal pattern. b. stationary pattern. c. seasonal pattern. d. cyclical patternDemand for haircut at PogiPoints Barber Shop has increased steadily for the past few months as seen in the following time series data. Do the necessary computations and choose the best answer that would complete each statement. The demand forecast for Month 6 would be: * A. 565 haircuts B. 574 haircuts C. 578 haircuts D. 584 haircuts
- What characteristics would you expect from a time series that describes the number of vehicles travelling through the road Gotthard tunnel each day from the 1st of January 1985 to the 1st of January 2000? Select one or more: O a. An yearly seasonal component. O b. Trying to do forecasting is pointless. O C. An increasing trend. O d. Some degree of noise. O e. A weekly seasonal component.In time series, seasonal variations can occur within a period of: A. Three years B. One year O C. Nine years D. Four yearsOne's intelligence quotient, or IQ, varies directly as a person's mental age and inversely as that person's chronological age. A person with mental age of 17 and a chronological age of 20 has an IQ of 36. What is the chronological age of a person with a mental age of 35 and an IQ of 140? The chronological age is.....
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- Can you identify a time series from the following? The number of "likes" on Gucci Facebook page for a new handbag, as of now Distance travelled by airline passengers for the top 4 airliners in 1965 Quarterly unemployment rate in Namibia, 2015-2020 Gross Domestic Product per capita of Zimbabwe in 2020The following table is a selection of average prices for a gallon of gas in the United States. Year Gas Price Index Value 2000 $1.48 [A] 2001 $1.42 [B] 2004 $1.85 [C] 2007 $2.80 [D] Build an index from these values, using 2001 as the base year. Round each index value to the nearest tenth. [A] = [B] = [C] = [D] =The below graph plots the daily prices of Gold over time. a) Examine the plot and describe the issues that may arise when trying to forecast future Gold prices given this time series data. Offer solutions to these issues b) Offer a suitable forecasting method for this data.