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Random Series

Random Series

Random Series:

A random series describes an experiment with outcomes being functions of an integer argument: U1, U2, ... (or, simply, sequences of random values - 1st value, 2nd value, etc).

Random series are often referred to as "time series" and, sometimes, as random processes with discrete time. Markov chain is an example of an important class of random series.

See also Random Process, Random Field.

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Courses Using This Term

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Forecasting Analytics
This course will teach you how to choose an appropriate time series model: fit the model, conduct diagnostics, and use the model for forecasting.
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