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BOX JENKINS FORECASTING METHOD [1 record]

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Record 1 2005-06-02

English

Subject field(s)
  • Statistical Methods
CONT

Box-Jenkins Forecasting Method: The univariate version of this methodology is a self-projecting time series forecasting method. The underlying goal is to find an appropriate formula so that the residuals are as small as possible and exhibit no pattern. The model-building process involves four steps. Repeated as necessary, to end up with a specific formula that replicates the patterns in the series as closely as possible and also produces accurate forecasts.

Key term(s)
  • Box Jenkins forecasting method

French

Domaine(s)
  • Méthodes statistiques

Spanish

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