Forecasting - SPUR ECONOMICS

Seasonality and Seasonal-ARIMA models

Seasonality, sometimes referred to as seasonal variation, is common in economic time series. The time series variables may change in a cyclical pattern with time. This cyclical pattern is termed…

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May 27, 2022

Econometrics / Time Series

ARIMA Estimation and Model Selection

Autoregressive Integrated Moving Average (ARIMA) models are often used for forecasting purposes. These models for time series data have been observed to provide accurate forecasts. Additionally, these models allow dynamic…

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May 25, 2022

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