How can we extract information from time-stamp variable for modelling? I have a variable with format mm-dd-yyyy hh:mm:ss I want to predict an outcome variable using time-stamp as input variable. I do not think i can directly use this column for modelling and will need to do some transformation before i can use this in model. Not sure what type of transformation i need to do.
For example, if you have date field, you can create dummy variables of day o week and use that as input variable in model. Not sure how to proceed in the case of time-stamp.