The ACF and PACF shown above were calculated using data you have been asked to forecast. Answer the following questions. What do these plots probably indicate? What do these plots indicate about the stationarity of the data? What kind of adjustment is needed before ARIMA (Box Jenkins) type forecasting model can be applied to the data?

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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 The ACF and PACF shown above were calculated using data you have been asked to forecast. Answer the following questions. 

  1. What do these plots probably indicate? 
  2. What do these plots indicate about the stationarity of the data? 
  3. What kind of adjustment is needed before ARIMA (Box Jenkins) type forecasting model can be applied to the data? 
1.2000
1.0000
.8000
.6000
.4000
2000
.0000
- 2000
-4000
1.2000
1.0000
.8000
.6000
4000
2000
.0000
-.2000
-.4000
ACF
-Upper Limit
Lower Limit
PACF
-Upper Limit
-Lower Limit
Transcribed Image Text:1.2000 1.0000 .8000 .6000 .4000 2000 .0000 - 2000 -4000 1.2000 1.0000 .8000 .6000 4000 2000 .0000 -.2000 -.4000 ACF -Upper Limit Lower Limit PACF -Upper Limit -Lower Limit
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