Consider the data on log DPI (personal disposable income) introduced in Section 21.1 (see the books website
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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.
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Step by Step Answer:
The steps involved are as follows 1 Examine the series for stationarity We have already seen that th...View the full answer
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