SlideShare a Scribd company logo
TIME SERIES ANALYSIS AND
FORECASTING
INTRODUCTION AND ITS COMPONENTS
BY
EUGENE BERNA I
INTRODUCTION
• Time series analysis is a specific way of analyzing a sequence
of data points collected over an interval of time. In time series
analysis, analysts record data points at consistent intervals over
a set period of time rather than just recording the data points
intermittently or randomly.
EXAMPLES
•Weather data
•Rainfall measurements
•Temperature readings
•Heart rate monitoring (EKG)
•Brain monitoring (EEG)
•Quarterly sales
•Stock prices
•Automated stock trading
•Industry forecasts
•Interest rates
Example
TIME SERIES ANALYSIS AND FORECASTING-INTRODUCTION.pptx
TIME SERIES ANALYSIS AND FORECASTING-INTRODUCTION.pptx
TIME SERIES ANALYSIS AND FORECASTING-INTRODUCTION.pptx
TIME SERIES ANALYSIS AND FORECASTING-INTRODUCTION.pptx
TIME SERIES ANALYSIS AND FORECASTING-INTRODUCTION.pptx
TIME SERIES ANALYSIS AND FORECASTING-INTRODUCTION.pptx
TIME SERIES ANALYSIS AND FORECASTING-INTRODUCTION.pptx
TIME SERIES ANALYSIS AND FORECASTING-INTRODUCTION.pptx
TIME SERIES ANALYSIS AND FORECASTING-INTRODUCTION.pptx
TIME SERIES ANALYSIS AND FORECASTING-INTRODUCTION.pptx
TIME SERIES ANALYSIS AND FORECASTING-INTRODUCTION.pptx
TIME SERIES ANALYSIS AND FORECASTING-INTRODUCTION.pptx
TIME SERIES ANALYSIS AND FORECASTING-INTRODUCTION.pptx
TIME SERIES ANALYSIS AND FORECASTING-INTRODUCTION.pptx
TIME SERIES ANALYSIS AND FORECASTING-INTRODUCTION.pptx

More Related Content

Recently uploaded

Iron and Steel Technology Roadmap - Towards more sustainable steelmaking.pdf
Iron and Steel Technology Roadmap - Towards more sustainable steelmaking.pdfIron and Steel Technology Roadmap - Towards more sustainable steelmaking.pdf
Iron and Steel Technology Roadmap - Towards more sustainable steelmaking.pdf
RadiNasr
 
Recycled Concrete Aggregate in Construction Part III
Recycled Concrete Aggregate in Construction Part IIIRecycled Concrete Aggregate in Construction Part III
Recycled Concrete Aggregate in Construction Part III
Aditya Rajan Patra
 
New techniques for characterising damage in rock slopes.pdf
New techniques for characterising damage in rock slopes.pdfNew techniques for characterising damage in rock slopes.pdf
New techniques for characterising damage in rock slopes.pdf
wisnuprabawa3
 
Understanding Inductive Bias in Machine Learning
Understanding Inductive Bias in Machine LearningUnderstanding Inductive Bias in Machine Learning
Understanding Inductive Bias in Machine Learning
SUTEJAS
 
ISPM 15 Heat Treated Wood Stamps and why your shipping must have one
ISPM 15 Heat Treated Wood Stamps and why your shipping must have oneISPM 15 Heat Treated Wood Stamps and why your shipping must have one
ISPM 15 Heat Treated Wood Stamps and why your shipping must have one
Las Vegas Warehouse
 
Eric Nizeyimana's document 2006 from gicumbi to ttc nyamata handball play
Eric Nizeyimana's document 2006 from gicumbi to ttc nyamata handball playEric Nizeyimana's document 2006 from gicumbi to ttc nyamata handball play
Eric Nizeyimana's document 2006 from gicumbi to ttc nyamata handball play
enizeyimana36
 
Optimizing Gradle Builds - Gradle DPE Tour Berlin 2024
Optimizing Gradle Builds - Gradle DPE Tour Berlin 2024Optimizing Gradle Builds - Gradle DPE Tour Berlin 2024
Optimizing Gradle Builds - Gradle DPE Tour Berlin 2024
Sinan KOZAK
 
Electric vehicle and photovoltaic advanced roles in enhancing the financial p...
Electric vehicle and photovoltaic advanced roles in enhancing the financial p...Electric vehicle and photovoltaic advanced roles in enhancing the financial p...
Electric vehicle and photovoltaic advanced roles in enhancing the financial p...
IJECEIAES
 
basic-wireline-operations-course-mahmoud-f-radwan.pdf
basic-wireline-operations-course-mahmoud-f-radwan.pdfbasic-wireline-operations-course-mahmoud-f-radwan.pdf
basic-wireline-operations-course-mahmoud-f-radwan.pdf
NidhalKahouli2
 
官方认证美国密歇根州立大学毕业证学位证书原版一模一样
官方认证美国密歇根州立大学毕业证学位证书原版一模一样官方认证美国密歇根州立大学毕业证学位证书原版一模一样
官方认证美国密歇根州立大学毕业证学位证书原版一模一样
171ticu
 
A review on techniques and modelling methodologies used for checking electrom...
A review on techniques and modelling methodologies used for checking electrom...A review on techniques and modelling methodologies used for checking electrom...
A review on techniques and modelling methodologies used for checking electrom...
nooriasukmaningtyas
 
DEEP LEARNING FOR SMART GRID INTRUSION DETECTION: A HYBRID CNN-LSTM-BASED MODEL
DEEP LEARNING FOR SMART GRID INTRUSION DETECTION: A HYBRID CNN-LSTM-BASED MODELDEEP LEARNING FOR SMART GRID INTRUSION DETECTION: A HYBRID CNN-LSTM-BASED MODEL
DEEP LEARNING FOR SMART GRID INTRUSION DETECTION: A HYBRID CNN-LSTM-BASED MODEL
gerogepatton
 
Computational Engineering IITH Presentation
Computational Engineering IITH PresentationComputational Engineering IITH Presentation
Computational Engineering IITH Presentation
co23btech11018
 
Literature Review Basics and Understanding Reference Management.pptx
Literature Review Basics and Understanding Reference Management.pptxLiterature Review Basics and Understanding Reference Management.pptx
Literature Review Basics and Understanding Reference Management.pptx
Dr Ramhari Poudyal
 
Generative AI leverages algorithms to create various forms of content
Generative AI leverages algorithms to create various forms of contentGenerative AI leverages algorithms to create various forms of content
Generative AI leverages algorithms to create various forms of content
Hitesh Mohapatra
 
International Conference on NLP, Artificial Intelligence, Machine Learning an...
International Conference on NLP, Artificial Intelligence, Machine Learning an...International Conference on NLP, Artificial Intelligence, Machine Learning an...
International Conference on NLP, Artificial Intelligence, Machine Learning an...
gerogepatton
 
Heat Resistant Concrete Presentation ppt
Heat Resistant Concrete Presentation pptHeat Resistant Concrete Presentation ppt
Heat Resistant Concrete Presentation ppt
mamunhossenbd75
 
Recycled Concrete Aggregate in Construction Part II
Recycled Concrete Aggregate in Construction Part IIRecycled Concrete Aggregate in Construction Part II
Recycled Concrete Aggregate in Construction Part II
Aditya Rajan Patra
 
CSM Cloud Service Management Presentarion
CSM Cloud Service Management PresentarionCSM Cloud Service Management Presentarion
CSM Cloud Service Management Presentarion
rpskprasana
 
spirit beverages ppt without graphics.pptx
spirit beverages ppt without graphics.pptxspirit beverages ppt without graphics.pptx
spirit beverages ppt without graphics.pptx
Madan Karki
 

Recently uploaded (20)

Iron and Steel Technology Roadmap - Towards more sustainable steelmaking.pdf
Iron and Steel Technology Roadmap - Towards more sustainable steelmaking.pdfIron and Steel Technology Roadmap - Towards more sustainable steelmaking.pdf
Iron and Steel Technology Roadmap - Towards more sustainable steelmaking.pdf
 
Recycled Concrete Aggregate in Construction Part III
Recycled Concrete Aggregate in Construction Part IIIRecycled Concrete Aggregate in Construction Part III
Recycled Concrete Aggregate in Construction Part III
 
New techniques for characterising damage in rock slopes.pdf
New techniques for characterising damage in rock slopes.pdfNew techniques for characterising damage in rock slopes.pdf
New techniques for characterising damage in rock slopes.pdf
 
Understanding Inductive Bias in Machine Learning
Understanding Inductive Bias in Machine LearningUnderstanding Inductive Bias in Machine Learning
Understanding Inductive Bias in Machine Learning
 
ISPM 15 Heat Treated Wood Stamps and why your shipping must have one
ISPM 15 Heat Treated Wood Stamps and why your shipping must have oneISPM 15 Heat Treated Wood Stamps and why your shipping must have one
ISPM 15 Heat Treated Wood Stamps and why your shipping must have one
 
Eric Nizeyimana's document 2006 from gicumbi to ttc nyamata handball play
Eric Nizeyimana's document 2006 from gicumbi to ttc nyamata handball playEric Nizeyimana's document 2006 from gicumbi to ttc nyamata handball play
Eric Nizeyimana's document 2006 from gicumbi to ttc nyamata handball play
 
Optimizing Gradle Builds - Gradle DPE Tour Berlin 2024
Optimizing Gradle Builds - Gradle DPE Tour Berlin 2024Optimizing Gradle Builds - Gradle DPE Tour Berlin 2024
Optimizing Gradle Builds - Gradle DPE Tour Berlin 2024
 
Electric vehicle and photovoltaic advanced roles in enhancing the financial p...
Electric vehicle and photovoltaic advanced roles in enhancing the financial p...Electric vehicle and photovoltaic advanced roles in enhancing the financial p...
Electric vehicle and photovoltaic advanced roles in enhancing the financial p...
 
basic-wireline-operations-course-mahmoud-f-radwan.pdf
basic-wireline-operations-course-mahmoud-f-radwan.pdfbasic-wireline-operations-course-mahmoud-f-radwan.pdf
basic-wireline-operations-course-mahmoud-f-radwan.pdf
 
官方认证美国密歇根州立大学毕业证学位证书原版一模一样
官方认证美国密歇根州立大学毕业证学位证书原版一模一样官方认证美国密歇根州立大学毕业证学位证书原版一模一样
官方认证美国密歇根州立大学毕业证学位证书原版一模一样
 
A review on techniques and modelling methodologies used for checking electrom...
A review on techniques and modelling methodologies used for checking electrom...A review on techniques and modelling methodologies used for checking electrom...
A review on techniques and modelling methodologies used for checking electrom...
 
DEEP LEARNING FOR SMART GRID INTRUSION DETECTION: A HYBRID CNN-LSTM-BASED MODEL
DEEP LEARNING FOR SMART GRID INTRUSION DETECTION: A HYBRID CNN-LSTM-BASED MODELDEEP LEARNING FOR SMART GRID INTRUSION DETECTION: A HYBRID CNN-LSTM-BASED MODEL
DEEP LEARNING FOR SMART GRID INTRUSION DETECTION: A HYBRID CNN-LSTM-BASED MODEL
 
Computational Engineering IITH Presentation
Computational Engineering IITH PresentationComputational Engineering IITH Presentation
Computational Engineering IITH Presentation
 
Literature Review Basics and Understanding Reference Management.pptx
Literature Review Basics and Understanding Reference Management.pptxLiterature Review Basics and Understanding Reference Management.pptx
Literature Review Basics and Understanding Reference Management.pptx
 
Generative AI leverages algorithms to create various forms of content
Generative AI leverages algorithms to create various forms of contentGenerative AI leverages algorithms to create various forms of content
Generative AI leverages algorithms to create various forms of content
 
International Conference on NLP, Artificial Intelligence, Machine Learning an...
International Conference on NLP, Artificial Intelligence, Machine Learning an...International Conference on NLP, Artificial Intelligence, Machine Learning an...
International Conference on NLP, Artificial Intelligence, Machine Learning an...
 
Heat Resistant Concrete Presentation ppt
Heat Resistant Concrete Presentation pptHeat Resistant Concrete Presentation ppt
Heat Resistant Concrete Presentation ppt
 
Recycled Concrete Aggregate in Construction Part II
Recycled Concrete Aggregate in Construction Part IIRecycled Concrete Aggregate in Construction Part II
Recycled Concrete Aggregate in Construction Part II
 
CSM Cloud Service Management Presentarion
CSM Cloud Service Management PresentarionCSM Cloud Service Management Presentarion
CSM Cloud Service Management Presentarion
 
spirit beverages ppt without graphics.pptx
spirit beverages ppt without graphics.pptxspirit beverages ppt without graphics.pptx
spirit beverages ppt without graphics.pptx
 

Featured

PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
Neil Kimberley
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
contently
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
Albert Qian
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
Kurio // The Social Media Age(ncy)
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
Search Engine Journal
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
SpeakerHub
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
Tessa Mero
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Lily Ray
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
Rajiv Jayarajah, MAppComm, ACC
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
Christy Abraham Joy
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
Vit Horky
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
MindGenius
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
RachelPearson36
 
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Applitools
 
12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work
GetSmarter
 
ChatGPT webinar slides
ChatGPT webinar slidesChatGPT webinar slides
ChatGPT webinar slides
Alireza Esmikhani
 
More than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike RoutesMore than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike Routes
Project for Public Spaces & National Center for Biking and Walking
 
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
DevGAMM Conference
 
Barbie - Brand Strategy Presentation
Barbie - Brand Strategy PresentationBarbie - Brand Strategy Presentation
Barbie - Brand Strategy Presentation
Erica Santiago
 

Featured (20)

PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
 
12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work
 
ChatGPT webinar slides
ChatGPT webinar slidesChatGPT webinar slides
ChatGPT webinar slides
 
More than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike RoutesMore than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike Routes
 
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
 
Barbie - Brand Strategy Presentation
Barbie - Brand Strategy PresentationBarbie - Brand Strategy Presentation
Barbie - Brand Strategy Presentation
 

TIME SERIES ANALYSIS AND FORECASTING-INTRODUCTION.pptx

  • 1. TIME SERIES ANALYSIS AND FORECASTING INTRODUCTION AND ITS COMPONENTS BY EUGENE BERNA I
  • 2. INTRODUCTION • Time series analysis is a specific way of analyzing a sequence of data points collected over an interval of time. In time series analysis, analysts record data points at consistent intervals over a set period of time rather than just recording the data points intermittently or randomly.
  • 4. •Weather data •Rainfall measurements •Temperature readings •Heart rate monitoring (EKG) •Brain monitoring (EEG) •Quarterly sales •Stock prices •Automated stock trading •Industry forecasts •Interest rates
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.
  • 22.
  • 23.
  • 24.
  • 25.
  • 26.
  • 27.
  • 28.
  • 29.
  • 30.
  • 31.
  • 32.
  • 33.
  • 34.
  • 35.
  • 36.