Reconsider the data on the number of airline miles flown in the United Kingdom from Exercise 2.1

Question:

Reconsider the data on the number of airline miles flown in the United Kingdom from Exercise 2.1 0. Take the natural logarithm of the data and plot this new time series.

a. What impact has the log transformation had on the time series?

b. Find the autocorrelation function for this time series.

c. Interpret the sample autocorrelation function.

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

Step by Step Answer:

Related Book For  book-img-for-question

Introduction To Time Series Analysis And Forecasting

ISBN: 9780471653974

1st Edition

Authors: Douglas C. Montgomery, Cheryl L. Jennings, Murat Kulahci

Question Posted: