3. Using the following command: > library(T SA) > data(days) we can retrieve a data file named days in R. The data file contains accounting data from the Winegard Co. of Burlington, Iowa. The data are the number of days until Winegard receives payment for 130 consecutive orders from a particular distributor of Winegard products. (The name of the distributor must remain anonymous for confidentiality reasons.) The time series contains outliers that are quite obvious in the time series plot. (a) Estimate the parameters of an ARMA(1,1) model for these data. (b) Estimate the parameters of an MA(2) model for these data. Which model is a better model for this data set?

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
icon
Related questions
icon
Concept explainers
Question

3. Using the following command: > library(T SA) > data(days) we can retrieve a data file named days in R. The data file contains accounting data from the Winegard Co. of Burlington, Iowa. The data are the number of days until Winegard receives payment for 130 consecutive orders from a particular distributor of Winegard products. (The name of the distributor must remain anonymous for confidentiality reasons.) The time series contains outliers that are quite obvious in the time series plot.

(a) Estimate the parameters of an ARMA(1,1) model for these data.

(b) Estimate the parameters of an MA(2) model for these data. Which model is a better model for this data set?

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Query Syntax
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Database System Concepts
Database System Concepts
Computer Science
ISBN:
9780078022159
Author:
Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:
McGraw-Hill Education
Starting Out with Python (4th Edition)
Starting Out with Python (4th Edition)
Computer Science
ISBN:
9780134444321
Author:
Tony Gaddis
Publisher:
PEARSON
Digital Fundamentals (11th Edition)
Digital Fundamentals (11th Edition)
Computer Science
ISBN:
9780132737968
Author:
Thomas L. Floyd
Publisher:
PEARSON
C How to Program (8th Edition)
C How to Program (8th Edition)
Computer Science
ISBN:
9780133976892
Author:
Paul J. Deitel, Harvey Deitel
Publisher:
PEARSON
Database Systems: Design, Implementation, & Manag…
Database Systems: Design, Implementation, & Manag…
Computer Science
ISBN:
9781337627900
Author:
Carlos Coronel, Steven Morris
Publisher:
Cengage Learning
Programmable Logic Controllers
Programmable Logic Controllers
Computer Science
ISBN:
9780073373843
Author:
Frank D. Petruzella
Publisher:
McGraw-Hill Education