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

Mardia''s multivariate normality test, Mardia's multivariate normality test...

Mardia's multivariate normality test is a test that a set of the multivariate data arise from the multivariate normal distribution against departures due to the kurtosis. The test

Explain lattice distribution, Lattice distribution : A class of probability...

Lattice distribution : A class of probability distributions to which most of the distributions for discrete random variables used in statistics belongs. In such type of distributio

Describe prior distribution, Prior distributions : The probability distribu...

Prior distributions : The probability distributions which summarize the information about a random variable or parameter known or supposed at a given time instant, prior to attaini

Cube law, A law supposedly applicable to voting behaviour which has a histo...

A law supposedly applicable to voting behaviour which has a history of several decades. It may be stated thus: Consider a two-party system and suppose that the representatives of t

Define informed consent, Informed consent: The consent needed from each po...

Informed consent: The consent needed from each potential participant former to random assignment in the clinical trial as speci?ed in the year 1996 version of Helsinki declaration

Analysis of variance, Thomas Economic Forecasting, Inc. and Harmon Economet...

Thomas Economic Forecasting, Inc. and Harmon Econometrics have the same mean error in forecasting the stock market over the last ten years. However, the standard deviation for Thom

Queuing theory, 1) Let N1(t) and N2(t) be independent Poisson processes wit...

1) Let N1(t) and N2(t) be independent Poisson processes with rates, ?1 and ?2, respectively. Let N (t) = N1(t) + N2(t). a) What is the distribution of the time till the next epoch

Categorizing continuous variables, Categorizing continuous variables : A pr...

Categorizing continuous variables : A practice which involves the conversion of the continuous variables into the series of the categories, which is common in the field of medical

Expected-utility maximizer, There are two periods. You observe that Jack co...

There are two periods. You observe that Jack consumes 100 apples in period t = 0, and 120 apples in period t = 1. That is, (c 0 ; c 1 ) = (100; 120) Suppose Jack has the util

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