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(c) Define the following concepts or terms in your own words. (i) Time series. (ii) Stochastic process. (iii) Strict sta
Posted: Thu May 05, 2022 8:21 pm
by answerhappygod
- C Define The Following Concepts Or Terms In Your Own Words I Time Series Ii Stochastic Process Iii Strict Sta 1 (27.02 KiB) Viewed 16 times
(c) Define the following concepts or terms in your own words. (i) Time series. (ii) Stochastic process. (iii) Strict stationarity. (iv) Covariance (second order) stationarity. (v) White noise process. (vi) Moving average process of order q. (vii) Autoregressive process of order p. (viii) Mixed autoregressive moving average of order p and q. (ix) Differencing. (x) Invertibility. (d) Explain the situation in which (i) an AR process and (ii) an MA process are applicable. (1 mark each 10 marks) (2 + 2 marks)