Question: Consider the data on log DPI (personal disposable income) introduced in Section 21.1 (see the books website for the actual data). Suppose you want to
Consider the data on log DPI (personal disposable income) introduced in Section 21.1 (see the book’s website for the actual data). Suppose you want to fit a suitable ARIMA model to these data. Outline the steps involved in carrying out this task.
Step by Step Solution
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There are 3 Steps involved in it
The steps involved are as follows 1 Examine the series for stationarity We have already seen that th... View full answer
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