Time Series and Trajectories

The development of financial markets or electricity consumption forecasts in both cases auto correlation is an important factor that must be taken into account in our models. For example, it would be interesting to forecast the time of day when peak electricity consumption will occur, e.g. to adjust prices or power generation. A time series is simply a series of data points arranged in time. This data format allows us to analyze time dependet developments or more general aucorelated ones. Trajectories are a special form of time series, with data points having dimensions in metrical space.

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