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A set of annual numerical data, comparable over the years, is given for the last 12 years.
Consider the following statements:
1. The data is best represented by a broken line graph, each corner (turning point) representing the data of one year.
2. Such a graph depicts the chronological change and also enables one to make a short-term forecast.
Consider the following statements:
1. The data is best represented by a broken line graph, each corner (turning point) representing the data of one year.
2. Such a graph depicts the chronological change and also enables one to make a short-term forecast.
Q. Which of the above statements is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
A set of annual numerical data, comparable over the years, is given fo...
The first statement is true as we can easily track the ups and downs of datat form 1 year to the next.
Statement 2 is false as the graph would require some kind of mathematical model to predict the short-term forecast and would not be helpful on its own.
Statement 2 is false as the graph would require some kind of mathematical model to predict the short-term forecast and would not be helpful on its own.
Most Upvoted Answer
A set of annual numerical data, comparable over the years, is given fo...
Explanation:
Statement 1: The data is best represented by a broken line graph, each corner (turning point) representing the data of one year.
A broken line graph, also known as a line graph with discrete data, is a suitable representation for annual numerical data that is comparable over the years. In this type of graph, the data points are connected by straight line segments, and each corner or turning point represents the data of one year. This allows for a clear visualization of the chronological change in the data over the given period.
Statement 2: Such a graph depicts the chronological change and also enables one to make a short-term forecast.
A broken line graph not only depicts the chronological change in the data but also enables one to make short-term forecasts. By analyzing the trend and pattern of the data points, one can infer potential future values and make predictions for the upcoming years. This is particularly useful when the data follows a consistent pattern or trend, allowing for reasonable assumptions and projections.
Conclusion:
Based on the above explanations, both statements 1 and 2 are correct.
Statement 1: The data is best represented by a broken line graph, each corner (turning point) representing the data of one year.
A broken line graph, also known as a line graph with discrete data, is a suitable representation for annual numerical data that is comparable over the years. In this type of graph, the data points are connected by straight line segments, and each corner or turning point represents the data of one year. This allows for a clear visualization of the chronological change in the data over the given period.
Statement 2: Such a graph depicts the chronological change and also enables one to make a short-term forecast.
A broken line graph not only depicts the chronological change in the data but also enables one to make short-term forecasts. By analyzing the trend and pattern of the data points, one can infer potential future values and make predictions for the upcoming years. This is particularly useful when the data follows a consistent pattern or trend, allowing for reasonable assumptions and projections.
Conclusion:
Based on the above explanations, both statements 1 and 2 are correct.
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A set of annual numerical data, comparable over the years, is given for the last 12 years.Consider the following statements:1. The data is best represented by a broken line graph, each corner (turning point) representing the data of one year.2. Such a graph depicts the chronological change and also enables one to make a short-term forecast.Q. Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
Question Description
A set of annual numerical data, comparable over the years, is given for the last 12 years.Consider the following statements:1. The data is best represented by a broken line graph, each corner (turning point) representing the data of one year.2. Such a graph depicts the chronological change and also enables one to make a short-term forecast.Q. Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A set of annual numerical data, comparable over the years, is given for the last 12 years.Consider the following statements:1. The data is best represented by a broken line graph, each corner (turning point) representing the data of one year.2. Such a graph depicts the chronological change and also enables one to make a short-term forecast.Q. Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A set of annual numerical data, comparable over the years, is given for the last 12 years.Consider the following statements:1. The data is best represented by a broken line graph, each corner (turning point) representing the data of one year.2. Such a graph depicts the chronological change and also enables one to make a short-term forecast.Q. Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
A set of annual numerical data, comparable over the years, is given for the last 12 years.Consider the following statements:1. The data is best represented by a broken line graph, each corner (turning point) representing the data of one year.2. Such a graph depicts the chronological change and also enables one to make a short-term forecast.Q. Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A set of annual numerical data, comparable over the years, is given for the last 12 years.Consider the following statements:1. The data is best represented by a broken line graph, each corner (turning point) representing the data of one year.2. Such a graph depicts the chronological change and also enables one to make a short-term forecast.Q. Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A set of annual numerical data, comparable over the years, is given for the last 12 years.Consider the following statements:1. The data is best represented by a broken line graph, each corner (turning point) representing the data of one year.2. Such a graph depicts the chronological change and also enables one to make a short-term forecast.Q. Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
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