Time series analysis is a statistical technique used to analyze data points collected over time. This tutorial will guide you through the fundamentals and practical applications of time series analysis using Python.
Key Concepts 🔍
- Trend Identification: Detecting long-term movements in data
- Seasonality: Recognizing periodic patterns (e.g., daily, monthly)
- Stationarity: Ensuring data has consistent statistical properties over time
Tools & Libraries 🛠️
- Pandas: For data manipulation and analysis
- NumPy: Mathematical operations on time series data
- Matplotlib/Seaborn: Visualization of time series trends
- Statsmodels: Statistical models for time series forecasting
Hands-On Example 📊
- Load data using
pandas.read_csv()
- Plot time series with
matplotlib.pyplot.plot()
- Apply moving averages to smooth trends
- Use ARIMA models for forecasting
Expand Your Knowledge 📚
For deeper insights into machine learning applications in time series analysis, check out our Advanced Time Series with ML tutorial.