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Explain the use of correlograms in time series analysis 2.Distinguish between: (a) Dickey Fuller (DF) test. (b) Augmented Dickey-Fuller (ADF) tests...
1. Explain the use of correlograms in time series analysis
2.Distinguish between:
(a) Dickey Fuller (DF) test.
(b) Augmented Dickey-Fuller (ADF) tests
3. It is common practice to include the time or trend variable in a regression model:
(a) Explain the difference between a deterministic and stochastic trend.
(b) Differentiate between a trend stationary process (TSP) and difference stationary process (DSP)