Which below is the best model of the series? Justify your selection for a best model. Model
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Question:
Which below is the best model of the series? Justify your selection for a best model.
Model AIC BIC
AR (1) -1.331801 -1.289053
AR (2) -1.330216 -1.273219
MA (3) -1.328875 -1.257628
MA (4) -1.325358 -1.239862
ARMA (2,3) -1.317777 -1.218032
ARMA (3,4) -1.313205 -1.184961
ARMA (2,2) -1.325469 -1.239973
ARMA (2,1,5) -1.290199 -1.161582
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