The purpose of this article is to examine the classical methodology in the time-series analysis in the economic and the business administration. In other words this research has been concerned with the methodologaical consideration in classifing and a...
The purpose of this article is to examine the classical methodology in the time-series analysis in the economic and the business administration. In other words this research has been concerned with the methodologaical consideration in classifing and analyzing the Movement in data of the time-series analysis. Weekly selling data in a certain enterprise, monthly selling data in a certain industry and annual employment data of manufacturing workers in a nation will be an appropriate resource for the time-series analysis.
With the results of a statistical analysis over the movement for the said data in the past, the researcher is to determine the following two items:
1. To formulate a movement pattern in the past and in a certain movement for the given time-series data.
2. To set up a goal or a direction for a future movement pattern. Business administrators should make best use of this goal or direction in the process of an anticipation that constitutes a pre-requisite step in the planning and managing course of business administration.
As one of comprehensible ways on an effective role of the anticipation in business administration, this study attempts to describe (ⅰ)a simple examination an various problems of the anticipation, (ⅱ) on particular methods in the time-series analysis and (ⅲ)finally, effectively applicable ways of the time-serise analysis for the business anticipation, planning and business management. The time-series data to be utilized for this purpose should be comparatively successive and long-time ones. That's because an identical material with a similar method through the continieous duration of time.
It is however unfortunate for the researcher to be unable to find any appropriate time-series data or examples around us in Korea. This forces the researcher to utilize the data or examples collected from the American academic circles.