predict future events. For example, stock pricing data collected over a course of?several months might be analyzed to predict possible pricing over the?coming months.
The trend is a continuing direction of movement in the time series. In a line chart (a.k.a. time plot), the X axis is the time period. ?You could use days, weeks months, quarters or other measures of time. The Y axis is the variable of interest, such as the number of widget produced. The trend is the most basic component of time series analysis, and the most important.?
Some trends are easy to detect. The data is from NARAS. ?How would you characterize the trend in this example??
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