Question
Fit a time series model for the data set. Use the model to predict for next 12 time periods. Also for each model compute RMSE
Fit a time series model for the data set. Use the model to predict for next 12 time periods. Also for each model compute RMSE (root mean squared error). You need to split the data in to training set (90%) and test set (10%).
Data description: Average temperature (in F) of Tennessee from Jan-1895 to Mar-2019 (Monthly data).
File Name: Climate.txt
Source:https://www.ncdc.noaa.gov/cag/statewide/time-series/40/tavg/all/3/1895-2019?base_prd=true&firstbaseyear=1930&lastbaseyear=2000
Variables: Date: Time associated with the sample
Values: Average Temperature
Anomaly: Departure from a reference value or long-termaverage.
You need to fit a time series model using the variable Values. You can remove the other two variables from the data.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started