Chapter 6: Analysis of Time Series

6.1: Time Series

1. Introducing Time Series
2. Applications of Time Series

6.2: Components of Time Series

1. Secular Trend
2. Seasonal Variations
3. Cyclical Fluctuations
4. Irregular or random variations

6.3: Estimation of Secular trend

1. Method of Free Hand Curve
2. Method of Semi-Averages
3. Concept of Moving Averages
4. Applications of Moving Averages
5. Problem - Application for Moving Averages
6. Method of Least Squares
7. Fitting a Parabola or second Degree Curve