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STAD57H3:Time Series Analysis Assign 1 Due: February 3, 2014, in class All relevant work must be shown for credit. Note 1: The completed assessments must be HANDED IN during the class. Please DO NOT
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Step 1: Gather all the necessary time series data that you want to analyze.
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Step 2: Prepare the data by cleaning and organizing it in a format suitable for analysis.
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Step 3: Identify the objective of the analysis and the specific questions you want to answer.
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Step 4: Choose a suitable time series analysis method based on your objective and data characteristics.
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Step 5: Apply the chosen analysis method to the time series data.
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Step 6: Interpret the results of the analysis and draw conclusions.
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Step 7: Communicate your findings effectively through appropriate visualizations or reports.

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Time series analysis is a statistical technique used to analyze and interpret patterns in data collected over time.
Organizations or individuals collecting data over time and looking to analyze trends or patterns in the data.
One must gather the data, organize it in a time series format, choose a suitable time series model, analyze the data, and interpret the results.
The purpose of time series analysis is to understand and predict future trends based on historical data.
The data collected over time, the time intervals at which the data is collected, the trends or patterns identified, and any forecasts or predictions made.
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