Why might ARMA models be considered particularly useful for financial time series? Explain, without using any equations

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 and ARMA processes.

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

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: