Thank you so much for clarifying the difference between Stochastic Process and Time Series. I think, for me, the reasonability of the validity of time series is easy to accept since it is observed. For the stochastic process, what I am curious about is how sure are we that there was a "pdf" for 1980 for example? Where is this "pdf" based on? Like for the first ever year, did we later on find out that there was a "pdf" in the background?
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I watched a lot of videos as well as read many articles to understand the difference, But here is the best explanation.
VERY GOOD! Thx!!
Thank you so much for clarifying the difference between Stochastic Process and Time Series. I think, for me, the reasonability of the validity of time series is easy to accept since it is observed.
For the stochastic process, what I am curious about is how sure are we that there was a "pdf" for 1980 for example? Where is this "pdf" based on?
Like for the first ever year, did we later on find out that there was a "pdf" in the background?
amazing video thank you
Good Job J.
'Promo sm'