Time-series in the context of "Climate networks"

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👉 Time-series in the context of Climate networks

The field of complex networks has emerged as an important area of science to generate novel insights into nature of complex systems The application of network theory to climate science is a young and emerging field. To identify and analyze patterns in global climate, scientists model climate data as complex networks.

Unlike most real-world networks where nodes and edges are well defined, in climate networks, nodes are identified as the sites in a spatial grid of the underlying global climate data set, which can be represented at various resolutions. Two nodes are connected by an edge depending on the degree of statistical similarity (that may be related to dependence) between the corresponding pairs of time-series taken from climate records.The climate network approach enables novel insights into the dynamics of the climate system over different spatial and temporal scales.

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Time-series in the context of Economic data

Economic data are data describing an actual economy, past or present. These are typically found in time-series form, that is, covering more than one time period (say the monthly unemployment rate for the last five years) or in cross-sectional data in one time period (say for consumption and income levels for sample households). Data may also be collected from surveys of for example individuals and firms or aggregated to sectors and industries of a single economy or for the international economy. A collection of such data in table form comprises a data set.

Methodological economic and statistical elements of the subject include measurement, collection, analysis, and publication of data. 'Economic statistics' may also refer to a subtopic of official statistics produced by official organizations (e.g. statistical institutes, intergovernmental organizations such as United Nations, European Union or OECD, central banks, ministries, etc.). Economic data provide an empirical basis for economic research, whether descriptive or econometric. Data archives are also a key input for assessing the replicability of empirical findings and for use in decision making as to economic policy.

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