Time plays a very important role when it comes to business. Each second is money every national and global economies depends on time. Time series analysis have become a widely used tool in the field of analytics in order to understand a variable which depends on time.

What is time series analysis?

Time series analysis is a statistical technique that deals with time series data, or trend analysis. Time series data means that data is in a series of particular time periods or intervals. The data is considered in three types:

• Time series data: A set of observations on the values that a variable takes at different times.
• Cross-sectional data: Data of one or more variables, collected at the same point in time.
• Pooled data: A combination of time series data and cross-sectional data.

Source:Statistics Solution

Reliance Industries

Reliance Industries Limited (RIL) is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra, India. Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications. Reliance is one of the most profitable companies in India, the largest publicly traded company in India by market capitalization, and the largest company in India as measured by revenue after recently surpassing the government-controlled Indian Oil Corporation.[5] On 22 June 2020, Reliance Industries became the first Indian company to exceed US$150 billion in market capitalization after its market capitalization hit ₹11,43,667 crore on the BSE.

The company is ranked 106th on the Fortune Global 500 list of the world’s biggest corporations as of 2019. It is ranked 8th among the Top 250 Global Energy Companies by Platts as of 2016. Reliance continues to be India’s largest exporter, accounting for 8% of India’s total merchandise exports with a value of ₹1,47,755 crore and access to markets in 108 countries. Reliance is responsible for almost 5% of the government of India’s total revenues from customs and excise duty. It is also the highest income tax payer in the private sector in India.

#machine-learning #timeseries #reliance-industries #timeseries-forecasting #reliance-jio