Module 8 : Forcasting

Stochastic modelling ( Box and Jenkins)

Various processes like :
  • Autoregressive (AR) order p
  • Moving average (MA) order q
  • ARMA order (p,q)
  • ARIMA order (p,d,q)
    are used to fit the most appropriate model.These models are accurate (for short term demand forecasting) but highly cumbersome to develop.
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Prof.S.G.Deshmukh & Prof.Arun Kanda