Modelling Data Concept

Temporal data

• Time series data

Modelling

All models are wrong, but some are useful Causation: indicates that one event is the result of the occurrence of the other event. Identifying causation requires controlled experiments Correlation: describes the size and direction of a relationship between two or more variables. • Simple – one independent variable • Linear – straight-line association between the variables • Regression model – representing the strength of the relationship