Why is using time series as a form of analysis important to a business? How is it used?
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Week 7 Discussion
Time Series
Review Sections 7.1 to 7.4 and respond to the questions on time series below.
1. Why is using time series as a form of analysis important to a business? How is it used?
2. Why is a time series plot beneficial?
3. What is exponential smoothing, and how does it work?
4. How can regression be used to forecast an event? Why would a manager want to better understand this?
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