Time Series Analysis

Time series analysis is a statistical technique that deals with time series data, or trend analysis.  Time series data means that data is in a series of particular time periods or intervals.

The data is considered in three types:

• Time series data: A set of observations on the values that a variable takes at different times.
• Cross-sectional data: Data of one or more variables, collected at the same point in time.
• Pooled data: A combination of time series data and cross-sectional data.