Time series

Time series is a statistical concept and data analysis method that deals with sequential data points ordered by time. It is a powerful tool used in various fields, such as economics, finance, meteorology, and engineering, to analyze and forecast trends, patterns, and behaviors over time. In this overview, we'll cover the fundamental aspects of time series analysis and its applications.

A time series is a sequence of data points collected at regular intervals, forming a temporal pattern. It differs from cross-sectional data, which captures information at a single point in time. Time series data often exhibits trends, seasonal patterns, cyclic behavior, and irregular fluctuations.

 Components of Time Series: Time series can be decomposed into four main components:

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