# What Is Time Series Forecasting?

Last Updated on August 15, 2020

Time series forecasting is an important area of machine learning that is often neglected.

It is important because there are so many prediction problems that involve a time component. These problems are neglected because it is this time component that makes time series problems more difficult to handle.

In this post, you will discover time series forecasting.

After reading this post, you will know:

- Standard definitions of time series, time series analysis, and time series forecasting.
- The important components to consider in time series data.
- Examples of time series to make your understanding concrete.

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## Time Series

A normal machine learning dataset is a collection of observations.

For example: