Time Series Analysis by Carly Bishop https://padlet.com/clbishop89/TSA en-us 2021-09-17 18:45:28 UTC 2021-09-21 11:03:19 UTC hello@padlet.com https://padlet.net/icons/png/23f2.png Time Series Analysis Helps You Identify Patterns https://padlet.com/clbishop89/TSA/wish/1753389949 2021-09-20 09:06:28 UTC https://padlet.com/clbishop89/TSA/wish/1753389949 identifies seasonal variations https://padlet.com/clbishop89/TSA/wish/1753390157 2021-09-20 09:06:35 UTC https://padlet.com/clbishop89/TSA/wish/1753390157 helps you predict future sales https://padlet.com/clbishop89/TSA/wish/1753390491 2021-09-20 09:06:45 UTC https://padlet.com/clbishop89/TSA/wish/1753390491 'seasons' may change https://padlet.com/clbishop89/TSA/wish/1753391472 2021-09-20 09:07:20 UTC https://padlet.com/clbishop89/TSA/wish/1753391472 if a model has been built on historical data, it cannot be used to predict future values or trends because no one can guarantee that the historical data will remain the same as time passes. https://padlet.com/clbishop89/TSA/wish/1753392362 2021-09-20 09:07:51 UTC https://padlet.com/clbishop89/TSA/wish/1753392362 Time Series Analysis Creates the Opportunity to Clean Your Data https://padlet.com/clbishop89/TSA/wish/1753394028 2021-09-20 09:08:41 UTC https://padlet.com/clbishop89/TSA/wish/1753394028 Time Series Forecasting Can Predict the Future https://padlet.com/clbishop89/TSA/wish/1753394494 2021-09-20 09:08:56 UTC https://padlet.com/clbishop89/TSA/wish/1753394494 high accuracy and simplicity https://padlet.com/clbishop89/TSA/wish/1753396505 2021-09-20 09:10:00 UTC https://padlet.com/clbishop89/TSA/wish/1753396505 high accuracy and simplicity https://padlet.com/clbishop89/TSA/wish/1753397373 2021-09-20 09:10:28 UTC https://padlet.com/clbishop89/TSA/wish/1753397373 Time forecasting can predict the future https://padlet.com/clbishop89/TSA/wish/1753399078 2021-09-20 09:11:18 UTC https://padlet.com/clbishop89/TSA/wish/1753399078 model could be over-fitted, which means that due to some random factors a model can lead to false results https://padlet.com/clbishop89/TSA/wish/1753400133 2021-09-20 09:11:54 UTC https://padlet.com/clbishop89/TSA/wish/1753400133 https://padlet.com/clbishop89/TSA/wish/1753411706 Hard to predict Random Factor's e.g Covid-19

]]> 2021-09-20 09:17:43 UTC https://padlet.com/clbishop89/TSA/wish/1753411706 Missing values are not supported https://padlet.com/clbishop89/TSA/wish/1753412846 2021-09-20 09:18:17 UTC https://padlet.com/clbishop89/TSA/wish/1753412846 https://padlet.com/clbishop89/TSA/wish/1756757135 helps predict future sales ]]> 2021-09-21 10:56:10 UTC https://padlet.com/clbishop89/TSA/wish/1756757135 https://padlet.com/clbishop89/TSA/wish/1756757669 Let’s you predict future patterns in the business allowing you to hire more staff if required]]> 2021-09-21 10:56:30 UTC https://padlet.com/clbishop89/TSA/wish/1756757669 https://padlet.com/clbishop89/TSA/wish/1756757834 Historical data can be reliable in predicting future trends

]]> 2021-09-21 10:56:35 UTC https://padlet.com/clbishop89/TSA/wish/1756757834 https://padlet.com/clbishop89/TSA/wish/1756758284 Not only does Time Series analysis help through economic prediction, but helps to ease stress in the business as employees have hopes of higher income]]> 2021-09-21 10:56:51 UTC https://padlet.com/clbishop89/TSA/wish/1756758284 https://padlet.com/clbishop89/TSA/wish/1756758569 Doesn’t predict random changes in patterns I.e. when something goes out of fashion, When COVID happened]]> 2021-09-21 10:57:00 UTC https://padlet.com/clbishop89/TSA/wish/1756758569 https://padlet.com/clbishop89/TSA/wish/1756759118 Ignores different tastes and trends in fashion

]]> 2021-09-21 10:57:13 UTC https://padlet.com/clbishop89/TSA/wish/1756759118 https://padlet.com/clbishop89/TSA/wish/1756760044 harder to predict random factors that may happen ]]> 2021-09-21 10:57:42 UTC https://padlet.com/clbishop89/TSA/wish/1756760044 https://padlet.com/clbishop89/TSA/wish/1756760131 Very accurate ]]> 2021-09-21 10:57:46 UTC https://padlet.com/clbishop89/TSA/wish/1756760131 Useful to identify seasonal variations https://padlet.com/clbishop89/TSA/wish/1756760358 2021-09-21 10:57:55 UTC https://padlet.com/clbishop89/TSA/wish/1756760358 https://padlet.com/clbishop89/TSA/wish/1756760856 Reduces the risk of unexpected surprises]]> 2021-09-21 10:58:12 UTC https://padlet.com/clbishop89/TSA/wish/1756760856 https://padlet.com/clbishop89/TSA/wish/1756761694 less useful for long term forecasts]]> 2021-09-21 10:58:40 UTC https://padlet.com/clbishop89/TSA/wish/1756761694 https://padlet.com/clbishop89/TSA/wish/1756762530 Describes the best possible fit for historical data]]> 2021-09-21 10:59:11 UTC https://padlet.com/clbishop89/TSA/wish/1756762530 https://padlet.com/clbishop89/TSA/wish/1756765346 Can be useful to see how an asset changes over time.]]> 2021-09-21 11:00:18 UTC https://padlet.com/clbishop89/TSA/wish/1756765346 https://padlet.com/clbishop89/TSA/wish/1756768772 With Trends, time series analysis is risky as trends can quickly end just as they quickly start, having businesses lose potential sales ]]> 2021-09-21 11:02:21 UTC https://padlet.com/clbishop89/TSA/wish/1756768772 https://padlet.com/clbishop89/TSA/wish/1756770327 As it’s based on historical data it may not be reliable ]]> 2021-09-21 11:03:19 UTC https://padlet.com/clbishop89/TSA/wish/1756770327