Time Series Analysis using R-Forecast package

In today's blog post, we shall look into time series analysis using R package – forecast. Objective of the post will be explaining the different methods available in forecast package which can be applied while dealing with time series analysis/forecasting. A time series is a collection of observations of well-defined data items obtained through repeated measurements over time. For example, measuring the value of retail sales each month of the year would comprise a time series. My data set contains data of Sales of CARS from Jan-2008 to Dec 2013.