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Time series is very usefull tool for business forecasting analysis. That is why it is a matter of interest to the business persons. 

The importance of time series is briefy explained below:

1. It helps in the understanding of past behavior: For the business forecasting analysis we need to know the past behavior, which we can get from the time series. 

2.If helps in planning future operation: From the time series we can predict an unknow value of the series. And this information can help us t make intelligent choices concerning capital investment decision.