I'm tracking the value of a variable over time. I would like to detect if the value of the variable is bursting (having an unusual increase in it's value) in real-time. How can I do that?
Given this time series: 1, 3, 5, 6, 9, 8, 7, 4, 2, 1.
can someone please explain to me by providing the calculations how to detect the burst in the previous data?