Objective techniques (time series)

Abstract

This chapter covers the family of techniques known as time series analysis. These are a set of techniques which all make the same underlying assumption, which is that the only independent that needs to be considered is time. The use of time as a proxy variable to simplify the complexity that exists in reality results in methods that are arithmetically straightforward and simple for the beginner to use. It should also be borne in mind that even though some of the time series techniques are extremely simple, they are capable of yielding very accurate results, provided they are applied in the correct circumstances.