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Getting Started with Data Science: Making Sense of Data with Analytics by Murtaza Haider

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Chapter 11. Doing Serious Time with Time Series

Time series data is a ubiquitous form of economic, environmental, and social data that intersects our lives on a daily basis. News media routinely discuss time series data and present time series charts, such as unemployment rate over the years. If you have read a news article about housing prices that carries a chart depicting the rise and fall in housing prices over time, you are already familiar with time series data.

The primary purpose of this chapter is to illustrate how one might analyze time series data. I first illustrate graphical methods to plot time series data. I then demonstrate using the familiar Ordinary Least Squares (OLS) model and its extensions to analyze time series data. This ...

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