Ch. 15 Forecasting Having considered in Chapter 14 some of the properties of ARMA models, we now show how they may be used to forecast future values of an observed time series. For the present we proceed as if the model were known ecactly Forecasting is an important concept for the studies of time series analysis. In the scope of regression model we usually
Solving recurrences The analysis of merge sort from Lecture I required us to solve a recurrence Recurrences are like solving integrals erential equations, etc o Learn a few tricks Lecture 3: Applications of recurrences