The one-sample runs test is useful to detect nonrandom patterns in time-series data.

Name: The one-sample runs test is useful to detect nonrandom patterns in time-series data.
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Quizplus · Accepted Answer

The one-sample runs test is a statistical tool used to evaluate whether there are nonrandom patterns in time-series data by examining the frequency and duration of runs, or consecutive observations that share the same direction (e.g., increasing or decreasing values). Thus, the statement is true.

The One-Sample Runs Test Is Useful to Detect Nonrandom Patterns