Statistics MCQs, Data Analysis, Stat Software
Post about the presence of autocorrelation, reasons for autocorrelation, detection of autocorrelation, remedy, and test statistics of autocorrelation.
The post is about autocorrelation Reasons that may occur in time series data. To learn and understand what is autocorrelation, see the post about Introduction to autocorrelation. Autocorrelation Reasons There are several reasons for Autocorrelation. Some of the most important autocorrelation reasons are: i) Inertia Inertia or sluggishness in economic …
The term autocorrelation may be defined as a “correlation between members of a series of observations ordered in time (as in time series data) or space (as in cross-sectional data)”. Autocorrelation is most likely to occur in time-series data. In the regression context, the CLRM assumes that covariances and correlations …
The post is about autocorrelation in time series data. The autocorrelation (serial correlation, or cross-autocorrelation) function (the diagnostic tool) helps to describe the evaluation of a process through time. Inference based on autocorrelation function is often called an analysis in the time domain. Autocorrelation of a random process is the …