What is a Time Series?

Somtochukwu

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.

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Somtochukwu

Visionary Leader and Development Economist in Nigeria. CEO at Bufiredd Economic Consults Ltd
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