This is the first in a series of blog posts analysing and discussing Serbian monthly catering time series.
The aims of these blog posts are the following:
- To describe main features of monthly catering time series
- To model series using popular time series models
- To forecast future catering time series values
- To compare forecasting performance of different time series models
The dataset under examination comes from the National Bank of Serbia database (http://nbs.rs/export/sites/default/internet/latinica/80/realni_sektor/SBRS04.xls). It shows two monthly catering indices (base = 2017) in current and constant prices. Both series cover the same period: 2002M1 to 2018M8.
Column names in csv file are: Catcur (catering in current prices) and Catcon (catering in constant prices). Those familiar with R could download and use RData file. This file contains time series in different formats, but the time series used directly in the next blog posts are in the multivariate time series object Bts.name containing two above listed time series. This RData file contains also a few other time series objects in different format (a, Ats, Azoo, Azoo.name and Bts).
In the next blog post line graphs for each monthly catering time series will be presented and discussed.