Which of the following is an example of time series data?Number of dolphins in the Pacific OceanAverage batting average of a baseball playerNumber of trees in Jardin du Luxemburg in ParisAnnual average housing price in New York
Question
Which of the following is an example of time series data?Number of dolphins in the Pacific OceanAverage batting average of a baseball playerNumber of trees in Jardin du Luxemburg in ParisAnnual average housing price in New York
Solution
The example of time series data among the options given is "Annual average housing price in New York".
Time series data is a sequence of data points indexed in time order. It is a set of observations on the values that a variable takes at different times. Such data may be collected at regular intervals, such as daily, monthly, yearly, etc.
In this case, the "Annual average housing price in New York" is collected yearly, making it a time series data. The other options do not specify a time sequence, hence they cannot be considered as time series data.
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