Describe the role of judgement in arima modeling

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Describe the role of judgement in ARIMA modeling which is the most complex class of forecasting methods. Structure your comments around the Box Jenkins approach. What steps in the Box Jenkins approach require judgement? Be specific. Do you think the model builder/forecaster using ARIMA requires more expertise than if she/he were using the other forecasting methods ? Explain.

Reference no: EM131418317

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