What is a Time Series?
A Time Series is a collection of random variables (Xt). If such a collection of random variables is ordered within time, it is called a stochastic process.
Therefore, a time series is the realization of a stochastic process.
Let us connect on social media forever;
Somtochukwu
Visionary Leader and Development Economist in Nigeria. CEO at Bufiredd Economic Consults Ltd