What is meant by the term time series?

A time series is a set of regular time-ordered observations of a quantitative characteristic of an individual or collective phenomenon taken at successive, in most cases equidistant, periods / points of time .11 Haz 2013

Identifying the trend MonthSales (the time-series)Three-period moving average170280300/3 = 1003150360/3 = 1204130420/3 = 140Time-series analysis- calculating the seasonality and trend – First Intuition www.firstintuition.co.uk › fihub › time-series-analysis

“Time series models are used to forecast future events based on previous events that have been observed (and data collected) at regular time intervals (Engineering Statistics Handbook, 2010).” Time series analysis is a useful business forecasting technique.