Time Series

Document Type

Book Chapter

Publication Title

Indian Statistical Institute Series

Abstract

Time series refers to any group of statistical information accumulated at regular intervals. It is a quantitative method used to determine patterns in data collected over time. When these patterns are projected to arrive at an estimate for the future, it is called forecasting. The quality of the forecasting is strongly related to the information that can be extracted and used from past data. In Fig. 19.1 we present a time series plot of the closing prices of IBM stock from daily data for the period 2001–2012.

First Page

279

Last Page

292

DOI

10.1007/978-981-19-2008-0_18

Publication Date

1-1-2023

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