Overview of standardized time series
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Title: Overview of Standardized Time Series

Section 1: BACKGROUND
Description 1: Write about the motivation and basic concepts of standardized time series, including the importance of standardization in statistical analysis and its applications across different fields.

Section 2: STANDARDIZING A SCALAR STATISTIC
Description 2: Discuss the steps involved in standardizing a scalar statistic and how these steps can guide the standardization of an entire time series.

Section 3: Overview of Standardized Time Series
Description 3: Explain what constitutes a standardized time series and detail the process of canceling the scale parameter.

Section 4: APPLICATIONS OF STANDARDIZED TIME SERIES
Description 4: Describe various applications of standardized time series in simulation analysis packages and other contexts, including specific examples such as IBM, Bell Labs, and G. E.