Monthly Australian retail data is provided in aus retail. Select one of the time series as...
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Monthly Australian retail data is provided in aus retail. Select one of the time series as follows (but choose your own seed value; use your group number as your seed): set.seed(12345678) myseries < aus_retail %>% filter('Series ID' == sample (aus_retail$'Series ID',1)) 1. Explore your chosen retail time series using the following functions: autoplot(), gg_season () as well as autoplot on the autocorrelations ACF() %>% autoplot() Can you spot any seasonality, cyclicity and trend? What do you learn about the series? 2. On top of the correlogram, create a table containing the first 14 autocorrelations. In the table, highlight in bold those that are significantly different from 0. 3. Compute the Ljung-Box test for 0 autocorrelation in the first 20 autocorrelations. 4. What Box-Cox transformation would you select for your retail data. Explain your answer by writing the actual transformation used and create a time plot of the transformed data. You can use the guerrero feature. Activate W Go to Settings Monthly Australian retail data is provided in aus retail. Select one of the time series as follows (but choose your own seed value; use your group number as your seed): set.seed(12345678) myseries < aus_retail %>% filter('Series ID' == sample (aus_retail$'Series ID',1)) 1. Explore your chosen retail time series using the following functions: autoplot(), gg_season () as well as autoplot on the autocorrelations ACF() %>% autoplot() Can you spot any seasonality, cyclicity and trend? What do you learn about the series? 2. On top of the correlogram, create a table containing the first 14 autocorrelations. In the table, highlight in bold those that are significantly different from 0. 3. Compute the Ljung-Box test for 0 autocorrelation in the first 20 autocorrelations. 4. What Box-Cox transformation would you select for your retail data. Explain your answer by writing the actual transformation used and create a time plot of the transformed data. You can use the guerrero feature. Activate W Go to Settings
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Business Statistics In Practice
ISBN: 9780073401836
6th Edition
Authors: Bruce Bowerman, Richard O'Connell
Posted Date:
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