analysis of a collection of items that are examined at set intervals of time
In
statistics,
signal processing, and
econometrics, a time series is a sequence of
data points, measured typically at successive times, spaced at (often uniform) time intervals. Time series analysis comprises methods that attempt to understand such time series, often either to understand the underlying theory of the data points (where did they come from? what generated them?), or to make
forecasts (predictions). Time series prediction is the use of a
model to predict future events based on known past events: to predict future data points before they are measured. The standard example is the opening price of a share of
stock based on its past performance.
See more at Wikipedia.org...
statistical forecasting technique using historical data to predict future trends.