Time series analysis is most effective when used in ______ term forecasts

Question

a) Medium

b) Short

c) Indefinite

d) Long

Answer 1

The correct answer is option B (Short). Time series analysis is most effective when used in short term forecasting because shorter time horizons are easier to forecast with more accuracy. If you are interested in Time Series Analysis, you can check out these data science courses where you can learn machine learning algorithms along with Time series analysis.