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Multiple line chart is applied for
- a)Showing multiple charts
- b)Two or more related time series when the variables are expressed in the same unit
- c)Two or more related time series when the variables are expressed in different unit
- d)Multiple variations in the time series
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Multiple line chart is applied fora)Showing multiple chartsb)Two or mo...
Explanation:
Multiple line chart is used to display two or more related time series data when the variables are expressed in the same unit. This type of chart is used to compare the trends of multiple variables over time. It is particularly useful in analyzing data that has a time component.
Example:
Suppose we want to analyze the sales data of a company. We have data on sales of four different products over the past five years. We can use a multiple line chart to display the sales trends of all four products over the five-year period. The x-axis would represent time, and the y-axis would represent sales. Each product would be represented by a different colored line in the chart.
Advantages:
1. Easy to understand: Multiple line charts are easy to understand and interpret.
2. Effective comparison: They are an effective way to compare the trends of multiple variables over time.
3. Useful in forecasting: Multiple line charts are useful in forecasting trends and making predictions about future performance.
Disadvantages:
1. Overcrowding: Multiple line charts can become overcrowded if too many variables are included.
2. Difficulty in analysis: It can be difficult to analyze multiple line charts if the lines are too close together or if the data is complex.
Therefore, multiple line charts are useful in analyzing data that has a time component and when we want to compare the trends of multiple variables over time.
Multiple line chart is used to display two or more related time series data when the variables are expressed in the same unit. This type of chart is used to compare the trends of multiple variables over time. It is particularly useful in analyzing data that has a time component.
Example:
Suppose we want to analyze the sales data of a company. We have data on sales of four different products over the past five years. We can use a multiple line chart to display the sales trends of all four products over the five-year period. The x-axis would represent time, and the y-axis would represent sales. Each product would be represented by a different colored line in the chart.
Advantages:
1. Easy to understand: Multiple line charts are easy to understand and interpret.
2. Effective comparison: They are an effective way to compare the trends of multiple variables over time.
3. Useful in forecasting: Multiple line charts are useful in forecasting trends and making predictions about future performance.
Disadvantages:
1. Overcrowding: Multiple line charts can become overcrowded if too many variables are included.
2. Difficulty in analysis: It can be difficult to analyze multiple line charts if the lines are too close together or if the data is complex.
Therefore, multiple line charts are useful in analyzing data that has a time component and when we want to compare the trends of multiple variables over time.
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Multiple line chart is applied fora)Showing multiple chartsb)Two or mo...
We use multiple line charts for representing two or more related time serious data expressed in the same unit and multiple -axis chart in somewhat similar if the variables are expressed in different units
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Multiple line chart is applied fora)Showing multiple chartsb)Two or more related time series when the variables are expressed in the same unitc)Two or more related time series when the variables are expressed in different unitd)Multiple variations in the time seriesCorrect answer is option 'B'. Can you explain this answer?
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Multiple line chart is applied fora)Showing multiple chartsb)Two or more related time series when the variables are expressed in the same unitc)Two or more related time series when the variables are expressed in different unitd)Multiple variations in the time seriesCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Multiple line chart is applied fora)Showing multiple chartsb)Two or more related time series when the variables are expressed in the same unitc)Two or more related time series when the variables are expressed in different unitd)Multiple variations in the time seriesCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Multiple line chart is applied fora)Showing multiple chartsb)Two or more related time series when the variables are expressed in the same unitc)Two or more related time series when the variables are expressed in different unitd)Multiple variations in the time seriesCorrect answer is option 'B'. Can you explain this answer?.
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Solutions for Multiple line chart is applied fora)Showing multiple chartsb)Two or more related time series when the variables are expressed in the same unitc)Two or more related time series when the variables are expressed in different unitd)Multiple variations in the time seriesCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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