time-series-analysis

Vocabulary Word

Definition

'Time-series-analysis' involves observing and studying how a set of data changes over a period of time. It's like inspecting photos from a time-lapse picture series, where you can understand trends and patterns.

Examples in Different Contexts

In economics, time-series analysis is applied to analyze economic indicators over time. An economist might state, 'Time-series analysis enables us to understand inflation trends over the past decade.'

Practice Scenarios

Business

Scenario:

The company's stock performance is better than expected, especially in the last quarter. It's critical to identify why we're seeing this upward trend.

Response:

Based on our time-series analysis, the stock's good performance can attributed to a strong quarterly earnings report.

Economics

Scenario:

The inflation rate last quarter saw a slight increase. Could there be any recurring trends to watch?

Response:

I'll conduct a time-series analysis to track the inflation rate's pattern over the past year. This will help us forecast future rates more precisely.