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1.Elucidate THREE applicability areas of time series in the contemporary business world and in each case cite a relevant example. (20marks) 2.Discuss the various classifications

1.Elucidate THREE applicability areas of time series in the contemporary business world and in each case cite a relevant example. (20marks)

2.Discuss the various classifications of costs and their relevance in modern business operations (Use of diagrams and relevant examples is highly encouraged) (20Marks)

3.Discuss the assumptions of OLS and the effect of violation of those assumptions.

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