A Complete Introduction To Time Series Analysis (with R):: ARIMA models

In the last section, we discussed model selection for ARMA(p,q) models by using the AIC, AICc, BIC, which are metric functions based on the likelihood and the parameters, providing a certain measure that can be used to compare models against each other on the same data. In this article, we will now recatch the ideas of differencing and seasonality that we previously…