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

Finite population correction, This term sometimes used to describe the extr...

This term sometimes used to describe the extra factor in variance of the sample mean when n sample values are drawn without the replacement from the finite population of size N. Th

Non-randomized clinical trial, Non-randomized clinical trial is the clinic...

Non-randomized clinical trial is the clinical trial in which the series of consecutive patients receive a new treatment and those which respond (according to some of the pre-defin

Kaiser''s rule, Kaiser's rule is the  rule frequently used in the principa...

Kaiser's rule is the  rule frequently used in the principal components analysis for selecting the suitable the number of components. When the components are derived from correlati

Chernoff''s faces, Chernoff's faces : A method or technique for representin...

Chernoff's faces : A method or technique for representing the multivariate data graphically. Each observation is represented by the computer-created face, the features of which are

Describe respondent-driven sampling (rds), Respondent-driven sampling (RDS ...

Respondent-driven sampling (RDS ): The form of snowball sampling which starts with the recruitment of the small number of people in the target population to serve as the seeds. Aft

Describe ignorability., Ignorability : The missing data mechanism is said t...

Ignorability : The missing data mechanism is said to be ignorable for likelihood inference if (1) the joint likelihood for the responses of the interest and missing data indicators

Observational study, Observational study   is the study in which the object...

Observational study   is the study in which the objective is to discover cause-and-effect relationships but in which it is not feasible to use the controlled experimentation, in th

Explain randomized response technique, Randomized response technique : The ...

Randomized response technique : The procedure for collecting the information on sensitive issues by means of the survey, in which an element of chance is introduced as to what quer

Conditional logistic regression, Conditional logistic regression : The form...

Conditional logistic regression : The form of logistic regression designed to work with the clustered data, such as data including matched pairs of the subjects, in which subject-s

Mean-range plot, Mean-range plot   is the graphical tool or device usefu...

Mean-range plot   is the graphical tool or device useful in selecting a transformation in the time series analysis. The range is plotted against the mean for each of the seasona

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