What is the linear model of time series?
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The basic concept is that we forecast the time series of interest y assuming that it has a linear relationship with other time series x . For example, we might wish to forecast monthly sales y using total advertising spend x as a predictor.
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A time series is a series of data points indexed (or listed or graphed) in time order. Most commonly, a time series is a sequence taken at successive equally spaced points in time. ... Time series forecasting is the use of a model to predict future values based on previously observed values.
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