Transforming data into the time series format

We will start by understanding how to convert a sequence of observations into time series data and visualize it. We will use a library called pandas to analyze time series data. Make sure that you install pandas before you proceed further. You can find the installation instructions at http://pandas.pydata.org/pandas-docs/stable/install.html.

How to do it…

  1. Create a new Python file, and import the following packages:
    import numpy as np
    import pandas as pd
    import matplotlib.pyplot as plt
  2. Let's define a function to read an input file that converts sequential observations into time-indexed data:
    def convert_data_to_timeseries(input_file, column, verbose=False):
  3. We will use a text file consisting of four columns. ...

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