Book Image

Practical Data Analysis - Second Edition

By : Hector Cuesta, Dr. Sampath Kumar
Book Image

Practical Data Analysis - Second Edition

By: Hector Cuesta, Dr. Sampath Kumar

Overview of this book

Beyond buzzwords like Big Data or Data Science, there are a great opportunities to innovate in many businesses using data analysis to get data-driven products. Data analysis involves asking many questions about data in order to discover insights and generate value for a product or a service. This book explains the basic data algorithms without the theoretical jargon, and you’ll get hands-on turning data into insights using machine learning techniques. We will perform data-driven innovation processing for several types of data such as text, Images, social network graphs, documents, and time series, showing you how to implement large data processing with MongoDB and Apache Spark.
Table of Contents (21 chapters)
Practical Data Analysis - Second Edition
Credits
About the Authors
About the Reviewers
www.PacktPub.com
Preface

Working with time series data


Time series is one of the most common ways to find data in the real world. A time series is defined as the changes of a variable through time. Time Series Analysis (TSA) is widely used in economics, finance, weather, and epidemiology. If we look at one TSA, we may see different kinds of patterns and discover outliers easily. Working with time series needs to define some basic concepts of trend, seasonality, and noise.

In the following graph, we can see the time series for gold price in the US since July 2010 from http://www.gold.org/investment/statistics/gold_price_chart/.

Typically, the easiest way to explore a time series is with a line chart. With the help of the direct appreciation of the time series visualization, we can find anomalies and complex behavior in the data:

We have two kinds of time series: linear and nonlinear. In the following graph, we can see an example of each one. Plotting time series data is very similar to scatterplot or line chart,...