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    Box-Jenkins vs regression analysis

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    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?

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    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 ...

    Solution Summary

    Box-Jenkins ARIMA vs regression analysis and use of Box-Jenkins in a business setting is provided in the solution.