Question

Consider the following time series data. Week 1 2 3 4 5 6 Value 18 13 16 11 17 14. Using the given data, what is the value for week 3?

1) 13
2) 16
3) 11
4) 17

Answer 1

The value for week 3 in the given time series data is 16.

Step-by-step explanation:

The value for week 3 in the given time series data is 16. When working with time series data, each value corresponds to a specific time period—in this case, weekly data. Therefore, for week 1 the value is 18, week 2 is 13, and consequently, for week 3, the correct value is 16.