Time Series Analysis
Stationary Process
ARMA(p,q) model
Non-Stationary Process
COMPONENTS OF A TIME SERIES
COMPONENTS OF A TIME SERIES
A time series can contain some or all of the following components:
1. Trend (T)
2. Cyclical (C)
3. Seasonal (S)
4. Irreg
Oligopoly question from PPT
Suppose Penguin and Joker are the only two firms in the death ray market. Each firm is considering
two possible pricing strategies either P = $700 or
P = $1500 for their goods. The following payoff matrix gives the profit outco
Practice Questions for Final Exam Solutions
Question 1
(a) Consider the following data:
2, 7, 4, 4, 6, 1, 8, 15, 12, 7, 3, 25, 1, 2, 11, 5, 15, 4
(i)
(i)
Find the 5 number summary of the data.
Solution:
Arrange data in numerical order:
1, 1, 2, 2, 3, 4, 4