In the first part of our blog series called Time Series Analysis we have analysed time-series visually. In the second part, we will take a look at forecasting future values from the past by Box-Jenkins methodology. Let's dive right in.
In this two part blog post, we will show you how to analyse time-series and how to forecast future values by Box-Jenkins methodology. As a testing dataset, we have chosen the "Monthly production of Gas in Australia". This dataset is available from datamarket for free. We have restricted data from the time span 1970 to 1995.