The basic concept of the time series analysis technique, which is still under development, is to create a unique basis function for each data point. The function which is built contains an average position a constant velocity function and a time dependent velocity. These basis function are then esitmated using a damped least squares inversion to find a model for a specific damping parameter. The damping parameter controls the width of the averaging kernel following the Backus and Gilbert method. This provides a physical basis for selecting a damping parameter appropriate for model estimation of time varying velocities.