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Times Series situations involve two numerical variables. The explanatory variable is time (days, weeks, months, years etc) and the response variable is measured. This unit will be 5-6 lessons in duration and will cover the skills and concepts below.
Skills
Skills
I can:
Read and interpret the long term trend
Read and interpret the seasonal effect
Identify and explain other features of time series data such as shifts, cycles, and outliers
Pose an investigative question that explores
Concepts
Concepts
I understand:
A time series graph is plotted as a line graph with time on the x-axis (explanatory variable)
A time series model has two main components; long term trend and seasonal effect
As models are imperfect, they have scatter about them
These skills are important to integrate into a PPDAC cycle.
Problem:
Plan:
Data:
Analysis:
Conclusion:
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