time series

time series definition - business

time series

A set of variables with values related to the respective times the variables are measured. Thus, a weekly record of sales throughout a period of years is a time series. Time series are often used to project future values by observing how the value of a variable has changed in the past.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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