Whenever data or observations or some other information is recorded regularly over time intervals, you are looking at time data. Time Series Analysis is all about analyzing the data over time to forecast what will happen in the future based on those patterns. This is so that the re-occurrence of the same trend gets predicted. It said that history often repeats itself, so whatever events happened in the past are likely to occur in the future.
Read MoreTime Series Analysis: The components that define it
