Topics: CH-3: Organisation of Data, NCERT Books, Statistics for Economics

Time Series Definition

Question

The variable 'population' classified by year (1951, 1961, 1971... 2011) is called a:

Select an answer

The variable 'population' classified by year (1951, 1961, 1971... 2011) is called a:

  1. Frequency Array
  2. Spatial Series
  3. Time Series — Correct Answer
  4. Bivariate Series
Explanation:
Correct Answer Explanation

A variable that depicts a series of values for different time periods is called a Time Series.

India Population Time Series Data:
  • 1951: 35.7 crore
  • 1961: 43.8 crore
  • 1971: 54.6 crore
  • 1981: 68.4 crore
  • 1991: 81.8 crore
  • 2001: 102.7 crore
  • 2011: 121.0 crore
Key Points:
  • Time series is a type of chronological classification.
  • Minimum population: 1951; Maximum population: 2011.

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