Estimating number of hotel rooms booking in next 6 months . 2. Estimating the total sales in next 3 years of an insurance company.
Read moreWhat is meant by time series analysis?
Time series analysis is a specific way of analyzing a sequence of data points collected over an interval of time . In time series analysis, analysts record data points at consistent intervals over a set period of time rather than just recording the data points intermittently or randomly.
Read moreWhat is an example of time series data?
Time series examples Weather records, economic indicators and patient health evolution metrics — all are time series data. Time series data could also be server metrics, application performance monitoring, network data, sensor data, events, clicks and many other types of analytics data.
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