Time Series Data

Time series data captures how a value or outcome varies numerically over time. Each data point is associated with a specific timestamp or time period, enabling the identification of trends, patterns, and seasonality. This makes time series data valuable for forecasting future values or understanding past behaviors.

In a business context, there are many values of interest captured through multi-variate time series data. For example, product sales over time, stock prices over time, capital expenditures, and workforce requirements are all sets of values that change over time. ​