Thursday, March 6, 2014

Forecasting weekly data

What would you do if the seasonal period is rather long and non-integer? For example, if you have a weekly data, ARIMA models do not tend to give good results. The simplest approach in such situation is a regression with ARIMA errors. Here is an example using weekly data on US finished motor gasoline products supplied (in thousands of barrels per day) from February 1991 to May 2005.

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