1 00:00:00,390 --> 00:00:08,040 We have been mentioning about some models which are applicable on only time series data, which does 2 00:00:08,040 --> 00:00:16,800 not have trend and seasonality, but there is a special term for such cities such these are called stationary 3 00:00:16,800 --> 00:00:17,460 cities. 4 00:00:18,000 --> 00:00:26,370 Well, technically, a stationary time series is one whose statistical properties, such as mean variance, 5 00:00:26,790 --> 00:00:31,110 autocorrelation, etc., are all constant over time. 6 00:00:31,860 --> 00:00:38,640 For most business and economic activities, that Time series data is a fairly stationary. 7 00:00:39,120 --> 00:00:47,640 For example, if you look at the mean of the monthly sales of a company for 2010 and then for 2019, 8 00:00:48,090 --> 00:00:50,850 most probably the means will be different. 9 00:00:51,360 --> 00:00:57,330 That company would have either grown or declined in sales performance over 10. 10 00:00:57,990 --> 00:01:04,350 So since the mean is changing over time, this time series is not stationary. 11 00:01:04,440 --> 00:01:11,170 And we can not apply models such as we are or at Imar to forecast it. 12 00:01:11,910 --> 00:01:20,130 So to make a time series stationary, we just need to use different thing, as we have shown you earlier. 13 00:01:21,150 --> 00:01:26,000 We will use different thing to remove trend and seasonality book. 14 00:01:26,520 --> 00:01:32,730 And for most purposes, we will be able to use our models on the resulting series. 15 00:01:33,330 --> 00:01:41,940 And you can simply use models such as Satima or Sa'adi Max, which handles seasonality and trend.