Last answered:

04 Oct 2019

Posted on:

04 Oct 2019

0

Why time series technique is considered a predictive analytic not an analysis ?

Giving the fact that it only takes data from the past?
1 answers ( 0 marked as helpful)
Instructor
Posted on:

04 Oct 2019

0
Hello again, Victor!   Great to have you in the course and thanks for reaching out!   Exactly - it takes data from the past, but makes predictions about the future, because time-series is one of the greatest tools to forecast future values and plot them on a graph.   If you are using time-series data for the past only, then it would be considered analysis, but in practice you usually do that to make predictions, and it is namely the expected (future) values a researcher cares for. Hence the way we've categorized this technique.   Hope this helps. Best,
365 Team

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