Analysing time series graphs - TSN

Task goals

• Recall what T, S, and N stand for in the TSN framework for time series analysis.
• Identify the long-term trend in a time series as increasing or decreasing (never as \"positive\" or \"negative\").
• Identify seasonality as a regular, repeating pattern in the data.
• Identify noise as an unusual or unexpected point that doesn't fit the trend or seasonal pattern.
• Analyse a described or graphed dataset to identify all three TSN components together.
• Explain how trend, seasonality, and noise can mask or be mistaken for one another, and justify TSN classifications with reasoning.