Which of These Is an Appropriate Way to Determine the Order

question 27

Multiple Choice

Which of these is an appropriate way to determine the order of an ARMA model required to capture the dynamic features of a given data?

• A) Graphically plotting the time series of the data
• B) Determining the number of parameters that maximises the information criteria
• C) Determining the number of parameters that minimises the information criteria
• D) None of the above

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Definitions:

Cognitive Flexibility

The mental ability to switch between thinking about two different concepts, or to think about multiple concepts simultaneously.

Transductive Reasoning

A form of reasoning where conclusions are drawn based on specific examples or instances, rather than through abstract logic, prevalent in young children.

Class Inclusion

The principle that one category or class of things can include several subclasses.

Subclasses

Categories that are subordinate to a larger class, providing a means to organize elements into hierarchies or specializations.