Practicing Success
Practicing Success
CUET Preparation Today
| For which one thing Time-series analysis is often used? |
Assess developing trends Standardize results Correct errors of judgment Reflect performance relative to some norms |
| Assess developing trends |
| Time series analysis helps organizations understand the underlying causes of trends or systemic patterns over time. Using data visualizations, business users can see seasonal trends and dig deeper into why these trends occur. With modern analytics platforms, these visualizations can go far beyond line graphs. When organizations analyze data over consistent intervals, they can also use time series forecasting to predict the likelihood of future events. Time series forecasting is part of predictive analytics. It can show likely changes in the data, like seasonality or cyclic behavior, which provides a better understanding of data variables and helps forecast better. |
