Question
a) What do skewness and kurtosis of a variable imply for its distribution? [5 marks] b) What is the difference between autocorrelation and partial autocorrelation
a) What do skewness and kurtosis of a variable imply for its distribution? [5 marks]
b) What is the difference between autocorrelation and partial autocorrelation functions? How can we use these two statistics to identify the autoregressive and moving average components of a time series? [5 marks]
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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
1506326846, 9781506326863, 1506326862, 978-1506326849
