If the exports in millions for the period 2006 through 2010

If the exports (in $millions) for the period 2006 through 2010 were $878, $892, $864, $870, and $912, respectively, what are these values called?

a. Time series data

b. Moving average

c. Logarithmic trend equation

d. Linear trend equation

Solution

a. The given values are recorded at different times (in this case from year 2006 to 2010). So these observations are Time Series data.

Answer: Time Series data