Which time series model uses past forecasts and pass them on data to generate a new forecast?
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Which of the following methods can be used to generate forecast models on time series data?Time series models used for forecasting include decomposition models, exponential smoothing models and ARIMA models.
Which model is used for time series data?Time Series Analysis Models and Techniques
Box-Jenkins ARIMA models: These univariate models are used to better understand a single time-dependent variable, such as temperature over time, and to predict future data points of variables.
Which time series models uses the forecast error in the previous period as part of calculating the forecast for the next subsequent time period?Which of the following time series models uses the forecast error in the previous period as part of calculating the forecast for the next (subsequent) time period? Using an exponential trend to model a non-linear increase in a time series assumes a constant percentage increase from one time period to the next.
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