1332.0.55.002 - Statistical Language!, 2008

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 27/06/2008 First Issue

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Statistical Language!

Contents >> Time Series >> Definition- Time series

DEFINITION- TIME SERIES

A time-series is a collection of observations obtained through repeated measurements over time. A time-series has three components: the trend (long term direction); the seasonal (systematic, calendar related movements); and, the irregular (unsystematic, short term fluctuations).