The Fawims Company recorded the monthly percentages of all shipments received on time over the past 12 months as follows: 80, 82, 84, 83, 83, 44, 85, 84, 82, 83, 84, and 83. Construct a time series.

Question

30-12-2023
Mathematics

High School

We appreciate your visit to The Fawims Company recorded the monthly percentages of all shipments received on time over the past 12 months as follows 80 82 84 83 83. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!

The Fawims Company recorded the monthly percentages of all shipments received on time over the past 12 months as follows: 80, 82, 84, 83, 83, 44, 85, 84, 82, 83, 84, and 83. Construct a time series.

Answer :

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priyaagarwal priyaagarwal · Answer 1 · 2023-12-09T15:34:28-05:00

Final answer:

A time series is created by plotting monthly shipment data on a graph with time on the x-axis and percentage of on-time shipments on the y-axis. This visual representation helps identify trends and anomalies in the data.

Explanation:

The question asks to construct a time series based on the monthly percentages of all shipments received on time for the Fawims Company over the past 12 months. A time series is a sequence of data points typically consisting of successive measurements made over a time interval. With the given data, a time series graph could be created by plotting the percentages on the y-axis and the corresponding months on the x-axis. This graphical representation would allow us to see trends, patterns, or fluctuations in the data over time. The goal in constructing such a graph is to identify any consistencies or anomalies that might affect future shipments or operational efficiency.

To construct the time series, you would start by labeling the x-axis with the months, and the y-axis with the percentage scale starting from the lowest percentage to the highest. Each data point would then be plotted and connected with a line to the next to visually represent the change in percentages over the respective months.