Fitting & evaluating arima and var time series models

Assignment Help Other Subject

Reference no: EM133759954

Data-driven Decision Making and Forecasting

Assessment - Fitting and evaluating ARIMA and VAR time series models

Your Tasks
In Class (3 hours): Compare fitting a SARIMA model to fitting an ARMA model to residuals from a Prophet model, for a time series. Discuss the advantages and disadvantages of the two approaches.

Quiz: Answer multiple choice questions based on Workshops 1 to 8 material, with a higher focus on VAR models.

Assessment Description
In class: A time series will be given to you at the start of your usual 3-hour class in Week 9, together with specific questions to answer. You will be expected to use Exploratory and Excel.

Assessment Instructions

In class:
At the beginning of the class, your facilitator will provide you with a dataset and a series of questions to answer. You will create a Word document with the answers to questions. At the end of class, submit your Word file via MyKBS.

Part A: Fit SARIMA models to the time series and provide plots of the time series and predictions. Provide the acfs of the residuals.

Part B: Obtain residuals from Prophet models and fit ARMA models to these residuals.

Part C: Discuss the advantages and disadvantages of the two approaches.

Reference no: EM133759954

Questions Cloud

What is the relationship between alcohol and breast cancer : What is the relationship between alcohol and breast cancer? What is the difference in attitudes of male and female college students toward condoms?

Health care departments ignore compliance guidelines : Collaborate with other health care departments Ignore compliance guidelines Focus solely on individual tasks Avoid communication with surveyors.

Describe the different types of temperaments in children : Describe five characteristics that are used to describe temperament? Describe the different types of temperaments in children.

Patients with compromised renal function : What is the main concern with certain diuretics in patients with compromised renal function?

Fitting & evaluating arima and var time series models : DATA4400 Fitting & Evaluating ARIMA and VAR Time Series Models, Data-driven Decision Making and Forecasting - Obtain residuals from Prophet models

Analyze merit-pay system and their applicability to capratek : Analyze merit-pay systems and their applicability to CapraTek. Analyze sales-incentive compensation plans and their applicability to CapraTek.

Female client recently diagnosed with duodenal ulcer : Female client recently diagnosed with a duodenal ulcer suddenly experiences severe abdominal pain, increased heart rate, increased respiratory rate,

Determine which groups are impacted by the social problem : Determine which groups are impacted by the social problem (populations) and explain how they are impacted. Be sure to include a brief history of the problem.

Explain how victim or victims in the case became involved : Which theory helps explain how the victim or victims in this case became involved in human trafficking? Explain your answer in a substantive manner.

User Account

All Pages