8.9 For the mc oppe.r data: (a) if necessary, find a suitable Box-Cox transformation for the data;...

Question:

8.9 For the mc oppe.r data:

(a) if necessary, find a suitable Box-Cox transformation for the data;

(b) fit a suitable ARIMA model to the transformed data using auto. arima ();

(c) try some other plausible models by experimenting with the orders chosen;

(d) choose what you think is the best model and check the residual diagnostics;

(e) produce forecasts of your fitted model. Do the forecasts look reasonable?

(f) compare the results with what you would obtain using ets () (with no transformation).

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Forecasting Principles And Practice

ISBN: 9780987507105

1st Edition

Authors: Rob J Hyndman, George Athanasopoulos

Question Posted: