Diving into Time Series
Time Series Analysis is a powerful statistical technique to understand, predict, and model temporal data. It is widely used in finance, economics, environmental predictions, and so much more.
Key Concepts:
- Stationarity: A key assumption for many models. Ensures consistent statistical properties over time.
- Autocorrelation: Understanding the relationship between current and past values.
- Seasonality: Patterns recurring at regular intervals.
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