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

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

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Giving the fact that it only takes data from the past?

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365 Team
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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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