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Question: In 1970, there were less than 50 software companies in Smart City Software Park. The number of these software companies has changed over the years. Construct a time series graph for the data and comment on the findings.
YearSoftware companies
199269
199379
1994103
1995112
1996173
1997179
1998212



A ) Graph 1, The graph shows an increase in the number of software companies from 1992 - 1998.
B ) Graph 2, The most radical increase was between 1994 - 1995.
C ) Graph 1, The graph shows a decline in the number of software companies from 1992 - 1998.
D ) Graph 2, The graph shows an decrease in the number of software companies from 1995 - 1996.

Steps to derive

1 A time series graph represents data that occur over a specific period of time.

2 Represent time (years) on x-axis and number of software companies on y-axis.

3 Plot the data and join the corresponding points with straight line segments as shown.


4 The graph shows an inclination in the number of software companies from 1992 through 1998. The most radical incline (increase) was between 1995 - 1996.



Hence the right answer is Option A

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