Data Science is all about finding solutions or uncovering meaningful insights from large quantities of data. Within data science, there are multiple approaches to solving a specific problem. So, in total there are 4 different approaches Descriptive, predictive, diagnostic, and prescriptive. Predictive analytics is a type of analytics that is used to predict or forecast future trends based on large quantities of data that is already present with us. The Time series analysis is quite literally very important for predictive analytics to have higher accuracy. Well, what exactly is a time series?
Time series is nothing but sequential data indexed or attached with the time it was observed or noted. For example, on weather forecasting, we attach data with the time it was recorded, and the in-stock market we index share prices value with time. This data is pretty useful in Data science projects. If you are searching for a good course on Data Science then I would recommend you to take up the Data Science courses from Intellipaat. Also, I would suggest you check out the Data Science tutorial video.
Back