Time series analysis

{
  "id": "MLC-T-INS-003335",
  "term": "Time series analysis",
  "field": "Insurance and risk management",
  "definition": "A statistical method used to analyze data points collected over a period of time to identify trends, cycles, and other patterns. In workers' compensation, this technique is applied to claims data, premium data, or loss ratios to forecast future outcomes and assess the effectiveness of risk management strategies. It involves observing data at regular intervals, such as monthly or annually.",
  "subject": "Workers Compensation",
  "url": "https://mlchart.com/terminology/insurance/time-series-analysis/"
}