What Is The Importance Of Time Series Analysis? Uses And Guide bizznotes.com

Time series analysis is a method of studying a collection of data points over a period of time. Instead of capturing data points sporadically or arbitrarily, time series analysts monitor data points at regular timings over a predetermined length of time. But time series analysis is not limited to data collection only. Time series data analysis is unique because it encompasses time series data. Time series data can depict the variation in variables over time. Time is a crucial variable since it reveals the changes that occur in data over time.