1. A non-transitory computer-readable medium storing program instructions that, when executed by a processor, causes the processor to identify events associated with a network environment, by performing the steps of: obtaining a first time series of data values from a first node in the network; obtaining a second time series of data values from a second node in the network; processing the first time series of data values and the second time series of data values to identify a first data trend; and based on the first data trend, identifying a first network event associated with a first region of the network environment, wherein the first node and the second node reside within the first region.