Summary
We had our first dip into time series as we understood the different types of time series, looked at how a DGP generates a time series, and saw how we can think about the important question: How well can we forecast a time series? We also had a quick review of the terminology and notation required to understand the rest of the book. In the next chapter, we will be getting our hands dirty and will learn how to work with time series data, how to preprocess a time series, how to handle missing data and outliers, and so on. If you have not set up the environment yet, take a break and put some time into doing that.