Time Series Graohs Flashcards
1
Q
Which axis is time on
A
X axis
2
Q
Which axis is the other variable on
A
Y axis
3
Q
What is a trend line
A
Like a line of best fit through the data points
4
Q
What does the trend line show
A
General changes through time and the overall trend
5
Q
What can you use the trend line for
A
Prediction about the future
6
Q
What are regular repeating patterns in a time series graph called
A
Cyclic fluctuations
7
Q
What is the time taken for the pattern to repeat itself called
A
Period
8
Q
What could these cyclic fluctuations be
A
An underlying trend
