How is the flexibility of the box-jenkins arima process, Management Theories

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How is the flexibility of the box-jenkins arima process

Question: a. How is the flexibility of the Box-Jenkins ARIMA process approach helpful in time-series analysis?

b. What is a parsimony?

c. How does the forecast relate to the actual future behavior of the estimated process?

d. How do the forecast limits relate to the actual future behavior of the estimated process?

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Management Theories: How is the flexibility of the box-jenkins arima process

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