I have a time series dataset. The,
X (Independent variable) is time and is denoted as 1,2,3,4,5,6..1000.etc Y (Dependent variable ) is a percentage scale as 99%, 98.7%, 96%, 91% ...etc. This is a continuous data set.
I have 1000 such data points. The first 700 data points used as training set and rest 300 is used for testing.
I tried to use simple linear regression but when predicting sometimes the prediction is more than 100%. And the case is even worse when I calculated the confidence interval and prediction interval.
So I tried to use logistic regression as there is a boundary ( from 0% to 100%). But logistic regression can take only binary data. I am confused on how to appropriately convert my existing time series data so that I can try how logistic regression on that.