Descriptive statistics of time series data

time_series

#1

My task is to summarises the descriptive statistics of time series data ( mean, SD , standard error ). It is fairly starightforward for a stationary series. But How do we find out the mean, standard deviation, standard error of the non stationary time series data?

I have been reading about the stationary series and how to make a time series stationary by differencing the series. If we take the mean of the differenced series, will that be a reflector of mean of the original data.

Any inputs on this?


#2

Hi @mukundgnana,

To take the mean, standard deviation, standard error for a non stationary time series, you can make the time series stationary first and then these values can be calculated easily.

Yes, the mean of the differenced series will act as a reflector of the mean of the original data.