I will be discussing with classmates the Box-Jenkins identification process and am looking for some direction/key points for the following question:
What is the main difference between using Box-Jenkins ARIMA and regression analysis and how could it be best used within a business setting?© BrainMass Inc. brainmass.com March 4, 2021, 11:15 pm ad1c9bdddf
ARIMA stands for AutoRegressive Integrated Moving Average. It is a means of statistical analysis very similar to regression analysis. Its steps are: creation of a model; creation of estimated parameter values; testing of the ...
Box-Jenkins ARIMA vs regression analysis and use of Box-Jenkins in a business setting is provided in the solution.