Time series analysis is the art of extracting meaningful insights from time series data by exploring the series' structure and characteristics and identifying patterns that can then be utilized to forecast future events of the series. In this chapter, we will discuss the foundations, definitions, and historical background of time series analysis, as well as the motivation of using it. Moreover, we will present the advantages and motivation of using R for time series analysis and provide a brief introduction to the R programming language.
In this chapter, we will cover the following topics:
- Time series data
- Time series analysis
- Key R packages in this book
- R and time series analysis