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Which visual representation is most suitable for displaying time series data?

a) Scatter plot
b) Tables displaying sensitivity analysis
c) Pie charts
d) Breakeven graphs

User Calanus
by
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1 Answer

5 votes

Final answer:

A line graph is the most suitable visual representation for displaying time series data because it effectively shows data points' changes over time and helps to visualize trends.

This correct answer is none of the above.

Step-by-step explanation:

The most suitable visual representation for displaying time series data is a line graph. A line graph uses one or more lines to show the changes in data points over time, making it effective in displaying trends.

While pie charts and bar graphs are helpful in displaying qualitative data, such as the percentage or frequency of categories, they are not ideal for presenting how data points fluctuate over a period of time. Tables can provide specific data points, but they do not convey trends as clearly as a line graph can.

Furthermore, for time series data, which implies a sequence of data points measured at successive time intervals, the linear nature of a line graph makes it possible to observe patterns and trends such as increases, decreases, or cyclic behavior over time, such as the unemployment rate over time.

This visual representation is helpful in various contexts, including business, economics, engineering, and the sciences.

This correct answer is none of the above.

User Veenu
by
7.5k points