GRAPHS IN ECONOMICS — Economics STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsGRAPHS IN ECONOMICS2 Marks
Question
What is meant by time series graphs?
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Answer
Graph is a picture of complex information.
It is used when information is expressed in a continuous frequency.
In a trade cycle or in cycle of economic activities, some changes are noticed.
These changes can be short term or long term, regular or irregular changes.
The trends of such changes are obtained with the help of statistical tools; and when graphs are drawn taking these changes as variable and time period base, such graphs are called time series graphs.
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