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hartpjb
hartpjb
Level III

Determining similarity between two or more time series

Created: Jul 13, 2022 07:13 AM  |  Last Modified: Jun 10, 2023 4:51 PM (749 views)

What is the best JMP tool for comparing similarity between two or more time series extending over 10 years?

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Accepted Solutions
P_Bartell
P_Bartell
Level VIII
Solution

Re: Determining similarity between two or more time series

Jul 13, 2022 09:16 AM (737 views)  |  Posted in reply to message from hartpjb 07-13-2022

'Best' is subjective and depends on your criteria. I'd start simple with visualizations...here's a few ideas:

1. Overlay plot run charts in Graph Builder.

2. Multivariate plot in the Multivariate platform.

Then if you want to get more elegant and analytic Fit Model. Make one series your response, the other the predictor and see how well one predicts the other? Or go straight to the Time Series platform and explore there by building various time series models and examine performance characteristics. Lots to play with.

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1 REPLY 1
P_Bartell
P_Bartell
Level VIII
Solution

Re: Determining similarity between two or more time series

Jul 13, 2022 09:16 AM (738 views)  |  Posted in reply to message from hartpjb 07-13-2022

'Best' is subjective and depends on your criteria. I'd start simple with visualizations...here's a few ideas:

1. Overlay plot run charts in Graph Builder.

2. Multivariate plot in the Multivariate platform.

Then if you want to get more elegant and analytic Fit Model. Make one series your response, the other the predictor and see how well one predicts the other? Or go straight to the Time Series platform and explore there by building various time series models and examine performance characteristics. Lots to play with.