Time Series 101: Basic Concepts and the Naïve Forecast

In this Time Series 101 video, we begin by stepping back and taking a larger view of the time series analysis landscape. Basic concepts are explained and a solid foundation is set. Then we look at a real-world example of the naïve forecast by calculating forecast errors and making a prediction about the per capita GDP of Nigeria. Thank you for watching and enjoy!

ABOUT THIS VIDEO'S SPONSOR

For over 20 years statistics.com has provided practical and cutting-edge education in data science, analytics, and statistics to over 15,000 students. You should consider becoming part of the statistics.com community!

https://www.statistics.com/?utm_sourc...

Promo Code
BFOLTZ10Y = 10% of one course or program

MORE INFORMATION

Statistics.com is focused on meeting the changing needs of professionals and employers by developing diverse skills that will equip students with in-demand capabilities that can be immediately applied on the job.

Statistics.com was the first online education institution to be approved by the American Council on Education (ACE), allowing students to take college courses on your own time, receive credit hours, and do so for a fraction of the typical university cost.

Whether you’re experienced, intermediate, or a novice, you can find what you are looking for in one of Statistics.com’s 90 data science and analytics courses.

#timeseries #timeseriesanalysis #statistics #datascience