Question: In the model selection process for ARIMA-type models, the ultimate goal is to find an underlying model that: a) Explains the dependent variable b) Leads
In the model selection process for ARIMA-type models, the ultimate goal is to find an underlying model that:
a) Explains the dependent variable
b) Leads to no-random errors.
c) Produce white noise forecast errors
d) Models the nonlinear components in a time series
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