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ANALYSIS OF TIME SERIES
Time series is an arrangement of statisticaldata in accordance with it’s time of occurance.It shows the dynamic pace of movement of a phenomenon over a periodof time.
 
 
e.g.1. Annual production of wheat/ricein India over a Number of Yrs.2. Daily sales of Ansal Plaza.3. The daily closing of price of ashare in the stock market4.Profit earned by a company for each of the past 10 yrs.5.Number of MBA students enrolled inlast 5yrs etc…
 
 
In today’s changing Economic phases allvariables relating to Buz.,commerce andEconomics...Production,costs,profits,sales,N.Y.,etc are directly affected by the courseof time.THE STATISTICAL TECHNIQUE APPLIEDTO MEASURE THE TIME BASED DATAOVER A PERIOD OF TIME IS KNOWNAS TIME SERIES ANALYSIS.
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