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a) A SARIMA (1,1,2)(2,1,2), model has been developed to fit a certain time series data set. Give detailed explanations of how the analysis was done

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a) A SARIMA (1,1,2)(2,1,2), model has been developed to fit a certain time series data set. Give detailed explanations of how the analysis was done in the model developing process. Include in your discussion the three stages of ARIMA model development and suitable statistical criteria used to validate the model. (8 marks)

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