Time Series || Meaning || Time Series statistics||comparisons||time series analysis||statistics||bsc

Meaning:
An arrangement of statistical data in accordance with the time or in a chronological order is called a time series. The numerical data which we get at different points of time the set of observations is known as time series.
In time series analysis, current data in a series may be compared with past data in the same series. We may also compare the development of two or more series over time. These comparisons may afford important guide lines for the individual firm. In Economics, statistics and commerce it plays an important role.