Time Series is a mathematical concept that consists of data points indexed
according to a timed order. A Time-Series can also be defined as a sequence of
events taken at successive equally spaced points in time. In Time Series
Analysis, we analyze a sequence of data points collected over an interval of
time. You should be able to record data points at consistent intervals over a
set period. This is different from just recording data points at random
intervals. A Time Series Analysis can show how different variables change over time. It
provides an additional source of information and a set order of dependencies
between the data. Time Series data can also be used for forecasting and
predicting future data based on historical data.
