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Time Series DICE Analysis
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Time Series DICE Analysis
📊 Part 1: Decoding & Information (DICE Model)
1. Look at the time series graph provided. What is the title of the graph?
2. What units are used on each axis?
X-axis (horizontal): _________________
Y-axis (vertical): _________________
3. What is the time interval shown in this graph?
Daily
Monthly
Yearly
Other: ___________
4. What is the purpose of this time series graph? (What is it trying to show?)
5. Identify the range of values shown:
Minimum value: ___________
Maximum value: ___________
🧮 Part 2: Calculations & Analysis
6. Calculate the difference between the highest and lowest values in the data.
7. Identify any patterns or trends you can observe. Check all that apply:
Increasing trend
Decreasing trend
Seasonal patterns
No clear pattern
Cyclical behaviour
8. If there are seasonal patterns, during which season/time period are the values typically highest?
💭 Part 3: Explanation & Reasoning
9. Explain why you think the data shows the pattern you identified in question 7. What real-world factors might cause this pattern?
10. Based on the trend shown, predict what might happen to the values in the next time period. Explain your reasoning.
11. How reliable do you think this time series data is for making predictions? Explain your answer using evidence from the graph.
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