Times series plots, Advanced Statistics

Assignment Help:

There is high level of fluctuation in a zigzag pattern in the time series for RESI1 which indicates that there is possibly negative autocorrelation present.

787_Times Series Plots.png

Column C11 shows the variation of the values that are illustrated in the time series graph and in this case there is possibly negative autocorrelation but it is not clearly visible on the time series therefore it can be identified from the RESI1 figures below as it is positive value at first and then drops down to a negative value.

2364_Times Series Plots1.png

In a time series an outlier is referred to a point that is usually a high data point or small data point in contrast to the rest of the data. There is a definite outlier in this times series which is value 0.203811 with the index of 448 because most data points fall in between 0.00 to 0.05 as evident on the time series. This data point has high leverage as they disproportionate distance away from the rest of values and it can have an influence on the slope of the regression line.  A zigzag pattern or a wave form cannot be easily recognized and shows there is no autocorrelation.


Related Discussions:- Times series plots

Calibration, Calibration : A procedure which enables a series of simply obt...

Calibration : A procedure which enables a series of simply obtainable but inaccurate measurements of some quantity of interest to be used to provide more precise estimates of the r

Business forcastin.., elements , importance, limitation, and theories

elements , importance, limitation, and theories

Empirical bayes method, The procedure in which the prior distribution is re...

The procedure in which the prior distribution is required in the application of Bayesian inference, it is determined from empirical evidence, namely same data for which the posteri

Linear regression, regression line drawn as Y=C+1075x, when x was 2, and y ...

regression line drawn as Y=C+1075x, when x was 2, and y was 239, given that y intercept was 11. calculate the residual

Dendro gram, A term commonly encountered in the application of the agglomer...

A term commonly encountered in the application of the agglomerative hierarchical clustering techniques, where it refers to the 'tree-like' diagram illustrating the series of steps

Tree, Tree is the term from the branch of the mathematics which known as t...

Tree is the term from the branch of the mathematics which known as the graph theory, used to describe any set of the straight-line segments joining the pairs of points in some pro

Forest plot, A name sometimes given to the type of diagram generally used i...

A name sometimes given to the type of diagram generally used in meta-analysis, in which point estimates and confidence intervals are displayed for all the studies included in the a

Variance inflation factor, VIF is the abbreviation of variance inflation fa...

VIF is the abbreviation of variance inflation factor which is a measure of the amount of multicollinearity that exists in a set of multiple regression variables. *The VIF value

Classification and regression tree technique (cart), Classification and reg...

Classification and regression tree technique (CART): The alternative to the multiple regression and associated techniques or methods for determining subsets of the explanatory va

Explain isobologram., Isobologram  is a diagram used to characterize the in...

Isobologram  is a diagram used to characterize the interactions among jointly administered drugs or the chemicals. The contour of the constant response (that is the isobole), which

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd