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Statistics Time Series - PowerPoint PPT Presentation

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Statistics Time Series
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  1. StatisticsTime Series PPDAC

  2. What the mark scheme says Achieved The student has investigated time series data. They have shown evidence of using each component of the statistical enquiry cycle to do this. Merit The student has investigated time series data, with justification. They have shown evidence of linking components of the statistical enquiry cycle to the context and referring to relevant evidence such as statistics, data values, trends, or features of visual displays in support of statements made. Excellence The student has investigated time series data, with statistical insight. They have shown evidence of integrating statistical and contextual knowledge throughout the statistical enquiry cycle.

  3. Problem – understand and define the problem Plan – what data will you study? and why Data Analyse with charts and summary statistics Conclusion

  4. Problem – understand and define the problem It has been widely publicised that both NZ and the rest of the world have recently experienced a global financial crisis towards the late 2000’s. This has meant that most of society then had to closely consider how much money they were unnecessarily spending, where could they cut back and what was essential or not. According to a report from the Ministry for the Environment dated the end of April 2009 which is on the website http://www.mfe.govt.nz/environmental-reporting/consumption/household-expenditure/by-category/, the top three household consumption expenditure categories were food and beverages, housing, and transport. It also states that New Zealand’s total household consumption expenditure continued to increase but the increases were not as large as in previous years. put the data in context with some research

  5. Plan – what data will you study? and why say what you are going to look at and why I am going to investigate the amount of money spent in supermarket and grocery stores from 2000 to 2010 to see whether or not the overall trend is actually increasing and if there is anything unusual happening in the data. It would be interesting compare this time series with expenditure in other retail sectors.

  6. Source Units Data Label Everything axis on graphs titles on graphs are your units clear

  7. Analyse with charts (and summary statistics) data plot Time Series predictions trend line recomposed data decomposed data seasonal variation residuals

  8. Conclusion What did you find out? My findings of a gradual decrease in the mean area of sea ice in the Arctic are partially supported by other research from NASA which states the area is decreasing by about 4% per decade. They also identified a record low for the mean area of sea ice in the Arctic in 2007 but a possible reason for this was not identified. the person writing this should really have put the web site address into their work

  9. Do you need headings for each part of the report? Features of the data Forecast Fit of the model