Advantages of using arima over other forecasting methods
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Q: What types of business forecasting scenarios do you think ARIMA would work particularly well? Are there any advantages of using ARIMA over the other forecasting methods? Explain
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What does an exceptionally small value of the test statistic (such as 0.002)suggest about the goodness-of-fit?
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What types of business forecasting scenarios do you think ARIMA would work particularly well? Are there any advantages of using ARIMA over the other forecasting
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Consider a period in which the U.S. dollar strengthens against most foreign currencies.
Does the political situation affect business in and out of the country?
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