Time Series Forecasting

Time Series Forecasting #Terms WHAT IS… ? Time series forecasting uses past information to make predictions about the future. Whereas other forecasting techniques are concerned with data from a single moment in time, time series analysis deals with data over an...

Time Series

Time Series #Terms WHAT IS… ? A Time Series is a sequence of data points indexed (listed or graphed) in time order. Most commonly, a time series is a sequence taken at successive equally-spaced points in time. That is, a time series is a sequence of...

Regression

Regression #Terms WHAT IS… ? Regression Analysis is ananalysis technique that is used to analyze the relationships between two or more numerical variables. It can also provide a measure of the strength of these relationships, and among other techniques, it can...

Predictive Maintence

Predictive Maintence #Terms WHAT IS… ? Predictive maintenance (PdM) refers to the detection of equipment faults before they occur to reduce unplanned outages and the associated costs. As an example, an estimated 90% of all power plant equipment failures can be...

Neural Network

Neural Network #Terms WHAT IS… ? An artificial neural network (ANN), sometimes called a “neural network” or “connectionist system”, is a computational approach to learning based on a model of biological neural networks. ANNs can be...