What is Time Series Analysis? Where is Time Series Analysis used?

When working with trend analysis and time series data, in particular, time series analysis, or TSA for short, is a commonly used statistical approach. The existence of data at specific intervals of time or fixed periods is referred to as time series data.

Time series analysis (TSA) has a broad range of applications and may be applied to a variety of fields. TSA has a significant presence in the following areas:

  • Statistics
  • Signal processing
  • Econometrics
  • Weather forecasting
  • Earthquake prediction
  • Astronomy
  • Applied science