Time-series data analysis includes
A)using a variety of time periods to measure the independent variable.
B)using the highest and lowest observation.
C)observing different entities during the same time period.
D)comparing information in different cost pools.
E)analyzing cost drivers at different levels of production.

Question

Quizplus · Accepted Answer

Time-series data analysis involves observing the same entity over multiple time periods to identify trends and patterns. Therefore, using a variety of time periods to measure the independent variable is an essential part of time-series data analysis. Choices B, C, D, and E are not related to time-series data analysis.

Time-Series Data Analysis Includes