Is there such thing as “Time series forecasting”? I personally don’t like this term and think that we should use a different one. Which one? Come with me in this post to find out. I understand why people use the term “Time series forecasting” – they want to show the type of data they work […]
time series
Seasonal or not?
Not every pattern that appears seasonal is genuinely seasonal. This means you don’t always require a seasonal model when you see repetitive patterns with fixed periodicity. How come? First things first, in forecasting, the term “seasonality” refers to any natural pattern repeating with some periodicity. For example, if you work in a hospital with A&E […]