Rolling bearings are an important part of most machines with rotating parts. Therefore, their technical diagnostics is an essential condition for ensuring the safe operation of the machine. This article focuses on the assessment of the condition of bearings using one of the methods of technical diagnostics - vibration diagnostics. In our case it is determination of the value of diagnostic variables of rolling bearings with a subsequent prediction of their condition based on the evaluation of time series analysis. Theoretical knowledge and practices are verified based on measurement data obtained from single-row ball bearings of type 3208A in the manufacturer test room.