Time Series Forecasting: Box Jenkin's ARIMA Model

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Abstract

A time series is a sequence of values of some variable, or composite of variables, taken at successive time periods. Examples of time series are monthly demand for cement, yearly production of steel, etc. Time series analysis helps us to understand the nature of the past and present data in order to forecast the future. In this note, we explain the development of ARIMA model, suggested by Box and Jenkins in 1976, for forecasting.

Additional Information

Product Type Technical Note
Reference No. CISG0017TEC
Title Time Series Forecasting: Box Jenkin's ARIMA Model
Pages 6
Published on Jan 1, 1994
Authors Ramani, K V;
Area Information Systems (IS)
Discipline Quantitative Methods
Sector Miscellaneous
Courses Marketing

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