Field Diaries 17 Thursday, 1 April, 2021 Topic : Time series Objective : Analyze the theories of trends, cyclical fluctuations, seasonal variations, irregular variations by means of case studies for the assimilation of the contents. Shared resources: Blogger.com moodle.utmachala.edu.ec Google.com Brief Summary of what was exposed in classes Time Series A time series is a sequence of data or observations, measured at certain points in time and arranged chronologically. Visually, it is a curve that evolves over time. Components of a time series Trend The long-term tendency of a series to increase or decrease (increasing trend or decreasing trend). Seasonality The periodic fluctuation in time series within a given period. These fluctuations form a pattern that tends to repeat from one seasonal period to th...