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In: Statistics and Probability

Identify a random variable for which data most be collected over time and you think the...

Identify a random variable for which data most be collected over time and you think the passage of time may influence the behavior tor of the random variable. Collect at least 30 observations on this random variable. Construct a time-series plot (or paste the plot created from Minicab). This section should include the definition of the random variable, why you think time may influence the data. how where you collected the data. the time-series plot. and meaningful commentary on the plot. It should not include your data.

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Expert Solution

The time series is about electricity production from oil globally over the years from 1971 to 2015.

orchestra answered 2 years ago
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