WHAT TIME-SERIES FORECASTING MODELS

Time-series forecasting models

Time-series forecasting models

Time series is a very important part of Quantitative reasoning and Statistics. Time series is a collection of recorded over a period of time weekly, monthly, quarterly, or yearly. The lesson uses Microsoft Corporation as an example of time series. It measures its sales by the quarter since 1985 and its linear growth. Time series also deals with the use of data to forecast future events.

There are four major components to a time series: the trend, the cyclical variation, the seasonal variation, and the irregular variation. The secular trend of a time series ...