The profound understanding of the common proverb “Time is Money” in business operations and dynamic decision making serve as a basis for implementing a great number of administrative decisions successfully. However, as most business decisions are made in an uncertain environment, we have to throw forecasts. Besides, nailing business parameters for all fields is no mean feat, especially if your goal is to dig deeper into the evolution of key performance indicators and metrics through time.

This is where time series analysis hits the spotlight. The time series approaches have found wide usage for clarifying, monitoring, and predicting some causality…

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