1: Explain the term ‘autoregression’ in a time series regression
context.
2. Explain the term ‘autocorrelation’ and...
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1: Explain the term ‘autoregression’ in a time series regressioncontext.
2. Explain the term ‘autocorrelation’ and the problems itcreates when using OLS regression in time series data.
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1 Autoregression Autoregression is a time series model that uses observations from previous time steps as input to a regression equation to predict the value at the next time step It is a very simple idea that can result in accurate forecasts on a range of time series
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