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Granger Causality in Time Series Explained with Chicken and Egg problem

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Become a Certified GenAI Professional: 10+ Real-world Projects, 26+ GenAI Libraries, 75+ Mentorship Sessions This article was published as a part of the Data Science Blogathon The purpose of this article is to understand what is granger causality and its application in Time series forecasting for better prediction. Image Source: https://www.wallpaperflare.com Time series is a set of observations on the values that the variable takes at different times. The time interval at which the data is collected may be hourly, daily, weekly, monthly, quarterly, annually, etc. Time series data can be categorized as follows: Time series analysis provides insight into the pattern or characteristics of time series data. Time series data can be decomposed into three components: Image Source: https://www.researchgate.net Forecasting the data for a particular time in the future is known as Time Series Forecasting. It is one of the powerful machine learning models widely used in the fields like finance, w

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