Dec 8
I have did a multivariate line plot for unemployment rate and total jobs over years .
From the graph it is evident that the total jobs offered are gradually increased from 2013 to 2019 and unemployment is observed declining.
Dec 6
I have plot line graph for logon passenger over year and logon international flights over years and taken x- axis as years .
Re-uploading Project 2
Dec 4
I have did a statistical analysis for the dataset of Boston economic indicator for all variables and plot a smooth histogram for variables logon international flights and hotel occupancy rate and taken x- axis as values and y-axis as Density.
NLP
Natural Language Processing (NLP) is a field of artificial intelligence (AI) that focuses on enabling computers to understand, interpret, and generate human language. It involves the interaction between computers and humans through natural language. NLP techniques allow machines to comprehend, analyze, and derive meaning from text and speech data.
NLP encompasses various tasks, such as:
- Language Understanding: Extracting meaning from text, including tasks like sentiment analysis, named entity recognition, and language translation.
- Language Generation: Creating human-like text or speech, including tasks like chatbots, language translation, and content generation.
- Language Processing: Manipulating and analyzing language data, including tasks like text summarization, document classification, and information retrieval.
NLP plays a crucial role in various applications, from virtual assistants like Siri and Alexa to recommendation systems, language translation tools, and sentiment analysis in social media. Its aim is to bridge the gap between human language and machine understanding, enabling more effective interaction and processing of vast amounts of textual information.
vector Autoregression
Vector Autoregression (VAR) is a statistical method used to analyze the dynamic relationship between multiple time series variables. It’s an extension of the concept of autoregression that models multiple variables as a system of equations. Each variable in the system is regressed on its lagged values as well as the lagged values of all other variables in the system.
VAR models are employed in various fields, including economics, finance, and macroeconomics, to understand the interactions between different variables over time. They’re particularly useful for analyzing how changes in one variable can affect others within a system, enabling forecasting and scenario analysis.
By capturing the dependencies between variables and their own past values as well as the past values of other variables, VAR models help in understanding the dynamics of a multivariate time series dataset.
Nov 27
Regression modeling is a statistical method used to investigate the relationship between one dependent variable and one or more independent variables. It aims to understand how the independent variables impact or predict the behavior of the dependent variable. The process involves fitting a regression equation to the data, allowing us to estimate the strength and direction of relationships between variables.
There are various types of regression models, such as linear regression (which assumes a linear relationship between variables), logistic regression (used for binary outcomes), polynomial regression (captures non-linear relationships), and multiple regression (includes multiple independent variables), among others. These models serve different purposes, offering insights into patterns, predictions, and relationships within datasets.
SARIMA
Seasonal Autoregressive Integrated Moving Average, or SARIMA, is a time series forecasting method used to model and predict data that exhibits seasonal patterns or periodic fluctuations. It’s an extension of the ARIMA model that includes seasonality.
SARIMA models account for:
- Seasonal Patterns: Capturing repetitive patterns over fixed intervals of time.
- Autoregressive (AR) Components: Dependent relationships between an observation and a number of lagged observations.
- Differencing (I): Transforming a time series to achieve stationarity by computing differences between consecutive observations.
- Moving Average (MA) Components: Modeling the dependency between an observation and a residual error from a moving average model applied to lagged observations.
By combining these components with their seasonal counterparts, SARIMA models can forecast time series data, taking into account both non-seasonal and seasonal patterns. They are particularly useful for data with complex seasonal trends and can provide accurate predictions for such time series.
Time series analysis
Time series analysis is a statistical method used to understand and interpret data collected sequentially over time. It involves examining trends, patterns, and relationships within the data to predict future outcomes or understand underlying patterns.
This analysis employs various techniques, including descriptive statistics to summarize data trends, smoothing methods to reduce noise, forecasting models to predict future values, decomposition to identify underlying components, and correlation analysis to understand relationships between different time periods.
By leveraging historical data, time series analysis enables predictions and informed decision-making across different fields such as finance, economics, weather forecasting, and more, aiding in planning and strategy formulation based on past trends and patterns.