Book Image

Hands-On Time Series Analysis with R

By : Rami Krispin
Book Image

Hands-On Time Series Analysis with R

By: Rami Krispin

Overview of this book

Time-series analysis is the art of extracting meaningful insights from, and revealing patterns in, time-series data using statistical and data visualization approaches. These insights and patterns can then be utilized to explore past events and forecast future values in the series. This book explores the basics of time-series analysis with R and lays the foundation you need to build forecasting models. You will learn how to preprocess raw time-series data and clean and manipulate data with packages such as stats, lubridate, xts, and zoo. You will analyze data using both descriptive statistics and rich data visualization tools in R including the TSstudio, plotly, and ggplot2 packages. The book then delves into traditional forecasting models such as time-series linear regression, exponential smoothing (Holt, Holt-Winter, and more) and Auto-Regressive Integrated Moving Average (ARIMA) models with the stats and forecast packages. You'll also work on advanced time-series regression models with machine learning algorithms such as random forest and Gradient Boosting Machine using the h2o package. By the end of this book, you will have developed the skills necessary for exploring your data, identifying patterns, and building a forecasting model using various traditional and machine learning methods.
Table of Contents (14 chapters)

Manipulation of date and time with the lubridate package

The title of the lubridate package documentation in CRAN is Make Dealing with Dates a Little Easier. In my mind, this is a very modest title for a package that makes work with date and time objects more effective, simple, and time efficient. This section introduces alternative tools and applications with the lubridate package for reformatting, converting, and handling date and time objects.

Reformatting date and time objects – the lubridate way

To understand how simple it is to reformat date and time objects with the lubridate package, let's go back to the complex time object (Monday, December 31, 2018 11:59:59 PM) we converted earlier to a POSIXct class...