{"id":17322,"date":"2014-10-22T04:42:43","date_gmt":"2014-10-22T04:42:43","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=17322"},"modified":"2024-04-03T13:14:31","modified_gmt":"2024-04-03T07:44:31","slug":"analysis-of-time-series","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/analysis-of-time-series\/","title":{"rendered":"Analysis of Time Series"},"content":{"rendered":"

<\/p>\n

\"analysis-of-time-series\"<\/a><\/p>\n

\u201cTime Series\u201d is a collection of observations made sequentially through time.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Many time series are routinely recorded in economics and finance on successive hours, days or months. For example, share prices, export totals, average incomes, and company profits and so on.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Now for analysing time, we have different methods for different purposes.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Let\u2019s start one-by-one.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

1.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Physical Time Series<\/span><\/p>\n

a.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Many types of time series occur in the physical sciences, particularly in meteorology, marine science and geophysics. Examples are rainfall on successive days, air temperature measure on successive hours, days or months.<\/span><\/p>\n

\u00a0b.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Some mechanical recorders take measurements continuously and produce a continuous trace rather than observations at discrete intervals of time.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

2.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Marketing Time Series<\/span><\/p>\n

a.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>The analysis of time series arising in marketing is an important problem in commerce. Observed variables could include sales figures in successive weeks or months, advertising costs, monetary receipts and so on.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

3.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Demographic Time Series<\/span><\/p>\n

a.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Various time series in the study of population change. For example, the population of Canada is measured annually, and monthly total birth controls are done in England.<\/span><\/p>\n

b.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Demographers want to predict changes in population for as long as 10 or 20 years in to the future, and are helped by the slowly changing structure of a human population.<\/span><\/p>\n

c.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Standard time series method are usually inappropriate for tackling this problem.<\/span><\/p>\n

4.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Process Control Data<\/span><\/p>\n

a.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>In process control, the problem is to detect changes in the performance of a manufacturing process by measuring a variable, which shows the quality of the process.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

5.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Binary processes<\/span><\/p>\n

a.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>A special type of time series arises when observations can take one of only two values, usually denoted by 0 and 1. For example, in computer science, the position of a switch, either \u2018on\u2019 or \u2018off\u2019, could be recorded as 1 or 0, respectively. Time series of this type, called binary processes<\/b>, occur in many situations, including the study of communication theory.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

6.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Point Processes<\/span><\/p>\n

A completely different type of time series occurs when we consider a series of events occurring \u2018randomly\u2019 through time. For example, we could record the dates of major railway disasters.<\/span><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cTime Series\u201d is a collection of observations made sequentially through time. \u00a0 Many time series are routinely recorded in economics and finance on successive hours, days or months. For example, share prices, export totals, average incomes, and company profits and so on. \u00a0 Now for analysing time, we have different methods for different purposes. \u00a0…<\/p>\n","protected":false},"author":46,"featured_media":17332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1552],"tags":[931,994,995],"class_list":["post-17322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-quality-2","tag-statistics","tag-time-series","tag-time-series-analysis"],"acf":[],"yoast_head":"\nAnalysis of Time Series - Vskills Blog<\/title>\n<meta name=\"description\" content=\"detail and description on analysis of time series\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/blog\/analysis-of-time-series\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analysis of Time Series - Vskills Blog\" \/>\n<meta property=\"og:description\" content=\"detail and description on analysis of time series\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.vskills.in\/certification\/blog\/analysis-of-time-series\/\" \/>\n<meta property=\"og:site_name\" content=\"Vskills Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/vskills.in\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/vaibhav.miglani.73\" \/>\n<meta property=\"article:published_time\" content=\"2014-10-22T04:42:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-03T07:44:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2014\/10\/analysis-of-time-series.png\" \/>\n\t<meta property=\"og:image:width\" content=\"601\" \/>\n\t<meta property=\"og:image:height\" content=\"447\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Vaibhav Miglani\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Vaibhav Miglani\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/analysis-of-time-series\/\",\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/analysis-of-time-series\/\",\"name\":\"Analysis of Time Series - Vskills Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/analysis-of-time-series\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/analysis-of-time-series\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2014\/10\/analysis-of-time-series.png\",\"datePublished\":\"2014-10-22T04:42:43+00:00\",\"dateModified\":\"2024-04-03T07:44:31+00:00\",\"author\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/23dce9f7b67aba7431eaa3c4e377afc3\"},\"description\":\"detail and description on analysis of time series\",\"breadcrumb\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/analysis-of-time-series\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.vskills.in\/certification\/blog\/analysis-of-time-series\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/analysis-of-time-series\/#primaryimage\",\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2014\/10\/analysis-of-time-series.png\",\"contentUrl\":\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2014\/10\/analysis-of-time-series.png\",\"width\":601,\"height\":447},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/analysis-of-time-series\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.vskills.in\/certification\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Analysis of Time Series\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#website\",\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/\",\"name\":\"Vskills Blog\",\"description\":\"Vskills - A Initiative in Assessment to Enhance Employability\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.vskills.in\/certification\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/23dce9f7b67aba7431eaa3c4e377afc3\",\"name\":\"Vaibhav Miglani\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7b79d6affcdc73d9d53c7ccd75aae8e04a0cf233eef1cc9ccf5165e91ba1f50a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7b79d6affcdc73d9d53c7ccd75aae8e04a0cf233eef1cc9ccf5165e91ba1f50a?s=96&d=mm&r=g\",\"caption\":\"Vaibhav Miglani\"},\"description\":\"Vaibhav Miglani, an aspirant of knowledge in statistics is currently pursuing his \\\"B.Sc(H) in Statistics\\\" from \\\"Ramanujan College, University of Delhi\\\". He wants to become one of the greatest minds in the field of statistics.\",\"sameAs\":[\"https:\/\/www.facebook.com\/vaibhav.miglani.73\",\"in.linkedin.com\/pub\/vaibhav-miglani\/86\/497\/4b7\/\"],\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/author\/vaibhav-miglani\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Analysis of Time Series - Vskills Blog","description":"detail and description on analysis of time series","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.vskills.in\/certification\/blog\/analysis-of-time-series\/","og_locale":"en_US","og_type":"article","og_title":"Analysis of Time Series - Vskills Blog","og_description":"detail and description on analysis of time series","og_url":"https:\/\/www.vskills.in\/certification\/blog\/analysis-of-time-series\/","og_site_name":"Vskills Blog","article_publisher":"https:\/\/www.facebook.com\/vskills.in","article_author":"https:\/\/www.facebook.com\/vaibhav.miglani.73","article_published_time":"2014-10-22T04:42:43+00:00","article_modified_time":"2024-04-03T07:44:31+00:00","og_image":[{"width":601,"height":447,"url":"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2014\/10\/analysis-of-time-series.png","type":"image\/png"}],"author":"Vaibhav Miglani","twitter_misc":{"Written by":"Vaibhav Miglani","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.vskills.in\/certification\/blog\/analysis-of-time-series\/","url":"https:\/\/www.vskills.in\/certification\/blog\/analysis-of-time-series\/","name":"Analysis of Time Series - Vskills Blog","isPartOf":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/analysis-of-time-series\/#primaryimage"},"image":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/analysis-of-time-series\/#primaryimage"},"thumbnailUrl":"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2014\/10\/analysis-of-time-series.png","datePublished":"2014-10-22T04:42:43+00:00","dateModified":"2024-04-03T07:44:31+00:00","author":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/23dce9f7b67aba7431eaa3c4e377afc3"},"description":"detail and description on analysis of time series","breadcrumb":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/analysis-of-time-series\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.vskills.in\/certification\/blog\/analysis-of-time-series\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.vskills.in\/certification\/blog\/analysis-of-time-series\/#primaryimage","url":"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2014\/10\/analysis-of-time-series.png","contentUrl":"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2014\/10\/analysis-of-time-series.png","width":601,"height":447},{"@type":"BreadcrumbList","@id":"https:\/\/www.vskills.in\/certification\/blog\/analysis-of-time-series\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.vskills.in\/certification\/blog\/"},{"@type":"ListItem","position":2,"name":"Analysis of Time Series"}]},{"@type":"WebSite","@id":"https:\/\/www.vskills.in\/certification\/blog\/#website","url":"https:\/\/www.vskills.in\/certification\/blog\/","name":"Vskills Blog","description":"Vskills - A Initiative in Assessment to Enhance Employability","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.vskills.in\/certification\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/23dce9f7b67aba7431eaa3c4e377afc3","name":"Vaibhav Miglani","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7b79d6affcdc73d9d53c7ccd75aae8e04a0cf233eef1cc9ccf5165e91ba1f50a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7b79d6affcdc73d9d53c7ccd75aae8e04a0cf233eef1cc9ccf5165e91ba1f50a?s=96&d=mm&r=g","caption":"Vaibhav Miglani"},"description":"Vaibhav Miglani, an aspirant of knowledge in statistics is currently pursuing his \"B.Sc(H) in Statistics\" from \"Ramanujan College, University of Delhi\". He wants to become one of the greatest minds in the field of statistics.","sameAs":["https:\/\/www.facebook.com\/vaibhav.miglani.73","in.linkedin.com\/pub\/vaibhav-miglani\/86\/497\/4b7\/"],"url":"https:\/\/www.vskills.in\/certification\/blog\/author\/vaibhav-miglani\/"}]}},"_links":{"self":[{"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/posts\/17322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/comments?post=17322"}],"version-history":[{"count":9,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/posts\/17322\/revisions"}],"predecessor-version":[{"id":70847,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/posts\/17322\/revisions\/70847"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/media\/17332"}],"wp:attachment":[{"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/media?parent=17322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/categories?post=17322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/tags?post=17322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}