Python vs. Scala Archives - DexLab Analytics | Big Data Hadoop SAS R Analytics Predictive Modeling & Excel VBA

## Time Series Analysis Part I

A time series is a sequence of numerical data in which each item is associated with a particular instant in time. Many sets of data appear as time series: a monthly sequence of the quantity of goods shipped from a factory, a weekly series of the number of road accidents, daily rainfall amounts, hourly observations made on the yield of a chemical process, and so on. Examples of time series abound in such fields as economics, business, engineering, the natural sciences (especially geophysics and meteorology), and the social sciences.

• Univariate time series analysis- When we have a single sequence of data observed over time then it is called univariate time series analysis.
• Multivariate time series analysis – When we have several sets of data for the same sequence of time periods to observe then it is called multivariate time series analysis.

The data used in time series analysis is a random variable (Yt) where t is denoted as time and such a collection of random variables ordered in time is called random or stochastic process.

Stationary: A time series is said to be stationary when all the moments of its probability distribution i.e. mean, variance , covariance etc. are invariant over time. It becomes quite easy forecast data in this kind of situation as the hidden patterns are recognizable which make predictions easy.

Non-stationary: A non-stationary time series will have a time varying mean or time varying variance or both, which makes it impossible to generalize the time series over other time periods.

Non stationary processes can further be explained with the help of a term called Random walk models. This term or theory usually is used in stock market which assumes that stock prices are independent of each other over time. Now there are two types of random walks:
Random walk with drift : When the observation that is to be predicted at a time ‘t’ is equal to last period’s value plus a constant or a drift (α) and the residual term (ε). It can be written as
Yt= α + Yt-1 + εt
The equation shows that Yt drifts upwards or downwards depending upon α being positive or negative and the mean and the variance also increases over time.
Random walk without drift: The random walk without a drift model observes that the values to be predicted at time ‘t’ is equal to last past period’s value plus a random shock.
Yt= Yt-1 + εt
Consider that the effect in one unit shock then the process started at some time 0 with a value of Y0
When t=1
Y1= Y0 + ε1
When t=2
Y2= Y1+ ε2= Y0 + ε1+ ε2
In general,
Yt= Y0+∑ εt
In this case as t increases the variance increases indefinitely whereas the mean value of Y is equal to its initial or starting value. Therefore the random walk model without drift is a non-stationary process.

So, with that we come to the end of the discussion on the Time Series. Hopefully it helped you understand time Series, for more information you can also watch the video tutorial attached down this blog. DexLab Analytics offers machine learning courses in delhi. To keep on learning more, follow DexLab Analytics blog.

.

## Python vs. Scala: Which is Better for Data Analytics?

Data Science and Analytics seem to be synonymous to progress as far as the field of computer science is concerned. Now, with the rise of these technologies, everything goes down to the programming languages, which single-handedly help in the growth of them.

This gave rise to Python, now known as the most significant language in the world of technology. Scala is another versatile language which is not unknown to the researchers and tech geeks. These two languages are the most talked about in the industry today. Nevertheless, both of them are extensively used in data analytics and data science. However, the debate regarding which one to opt for among the two has always been constant. But worry no longer because here we will discuss both of them, in brief, to help you with your choice!

#### Python

Python is really one of the most popular languages in the industry. The open-source nature of the language makes it a popular choice for scripting and automation works.

Besides, Python is powerful, effective, and easy to learn. Moreover, Neural Network Machine learning Python boasts of its efficient high-level data structures and for object-oriented programming.

• Easy to learn and effective too.
• Exhaustive support from active communities.
• Python enjoys built-in support for the datatypes.

• Your computer might slow down a little when you are running Python. This is in contrast to when you are running other languages like C or Java.

#### Scala

If you want an object-oriented, functional programming language, then Scala would certainly be your first choice. It was basically built for the Java Virtual Machine (JVM) and remains the most compatible programming language with Java code till date.

• Scala can utilise the majority of the JVM libraries, thus helping them to be embedded in the enterprise code.
• It shares an array of readable syntax features of the popular languages, like Ruby.
• Scala brags about numerous incredible features like string comparison advancements, pattern matching and its likes.

• Scala has a limited number of users in the communities, which encourages lesser interactions and stunted growth.
• At times the type-information in Scala is really complex to comprehend. This difficulty can be attributed to the functional and object-oriented nature of the language.

We hope that this article helps you to have a brief insight into two of the most demanding programming languages: Python and Scala.

Now, if you want to enrol yourself in Computer vision course Python, you can reach us right at Dexlab Analytics, the most reputable institute for Big Data Analytics. Also, if you are looking for all-inclusive Deep learning for computer vision Course, turn no further than our premium institute to shoot your career up!

#### Interested in a career in Data Analyst?

To learn more about Data Analyst with R Course – Enrol Now.
To learn more about Big Data Course – Enrol Now.

To learn more about Machine Learning Using Python and Spark – Enrol Now.
To learn more about Data Analyst with SAS Course – Enrol Now.
To learn more about Data Analyst with Apache Spark Course – Enrol Now.
To learn more about Data Analyst with Market Risk Analytics and Modelling Course – Enrol Now.

+91 8676079880

+91 9903662244