What do you mean by Time Series Analysis? Where is it used?

1.	What do you mean by Time Series Analysis? Where is it used?
Answer» In the field of Time Series Analysis (TSA), a sequence of data points is analyzed over an INTERVAL of time. Instead of just recording the data points intermittently or randomly, analysts record data points at regular INTERVALS over a period of time in the TSA. It can be done in two different ways: in the FREQUENCY and time domains. As TSA has a broad SCOPE of application, it can be used in a VARIETY of fields. TSA plays a vital role in the following places: Statistics Signal processing Econometrics Weather forecasting Earthquake prediction Astronomy Applied science

Answer»

In the field of Time Series Analysis (TSA), a sequence of data points is analyzed over an INTERVAL of time. Instead of just recording the data points intermittently or randomly, analysts record data points at regular INTERVALS over a period of time in the TSA. It can be done in two different ways: in the FREQUENCY and time domains. As TSA has a broad SCOPE of application, it can be used in a VARIETY of fields. TSA plays a vital role in the following places:

Statistics
Signal processing
Econometrics
Weather forecasting
Earthquake prediction
Astronomy
Applied science

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What do you mean by Time Series Analysis? Where is it used?

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