Time Series

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Time Series by Mind Map: Time Series

1. Long term trend

1.1. Increasing

1.2. Decreasing

1.3. Constant

2. Seasonal Variation

2.1. Regular

2.1.1. Highs

2.1.2. Lows

2.1.3. Period

2.2. Irregular

3. Residuals

3.1. Less than 10% of variation

3.1.1. Accurate model

3.2. More than 10% of variation

3.2.1. Significant error in forecast