Question: Why might ARMA models be considered particularly useful for financial time series? Explain, without using any equations or mathematical notation, the difference between AR, MA

Why might ARMA models be considered particularly useful for financial time series? Explain, without using any equations or mathematical notation, the difference between AR, MA and ARMA processes.

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2. Why might ARMA models be considered particularly useful for financial time series? Explain, without using any equations or mathematical notation, the difference between AR, MA and ARMA processes.

Why might ARMA models be considered particularly useful for financial time series? Explain, without using any equations or mathematical notation, the difference between AR, MA and ARMA processes.

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