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Analysis based on study of price fluctuations, production of commodities and deposits in banks is classified as
  • a)
    sample series analysis
  • b)
    time series analysis
  • c)
    numerical analysis
  • d)
    experimental analysis
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Analysis based on study of price fluctuations, production of commoditi...
Time Series Analysis

Time series analysis is a statistical method used to analyze and interpret data that changes over time. It involves analyzing the historical data to identify patterns and trends that can help predict future behavior.

Price Fluctuations

Price fluctuations refer to the changes in prices of goods and services over time. Time series analysis can be used to study the historical prices of commodities and identify patterns and trends that can help predict future prices.

Production of Commodities

The production of commodities refers to the amount of goods and services produced by a company over time. Time series analysis can be used to study the historical production data and identify patterns and trends that can help predict future production levels.

Deposits in Banks

Deposits in banks refer to the amount of money deposited by customers in a bank over time. Time series analysis can be used to study the historical deposit data and identify patterns and trends that can help predict future deposit levels.

Conclusion

Time series analysis is a powerful statistical method that can be used to understand and predict the behavior of variables that change over time. By studying historical data on price fluctuations, production of commodities, and deposits in banks, analysts can identify patterns and trends that can help predict future behavior. This can be useful in making informed decisions about investments, production planning, and financial management.
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Analysis based on study of price fluctuations, production of commodities and deposits in banks is classified asa)sample series analysisb)time series analysisc)numerical analysisd)experimental analysisCorrect answer is option 'B'. Can you explain this answer?
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