8 The ups and downs of Time Series Analysis
Despite the musing attributed to Albert Einstein, time is an important consideration for estimators. Sometimes it will be on our side and other times, it will seem to be against us – especially when we have a deadline to meet. It is certainly something we need to consider when it comes to issues of data normalisation, as we discussed in Volume I Chapter 6.
A word (or two) from the wise?
"The only reason for time is so that everything doesn t happen at once."
Often attributed to Albert Einstein (1879-1955) Theoretical physicist
There are many instances where the time of year can be seen as a driver of cost or demand on a service or system. There are other occasions where it may be seen to be a useful ...
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