Similar questions

What time series input model? Explain AR(1) and EAR(1) model.

Define correlation and covariance. Explain time series model.

There are two measures of the linear dependence between random variables, those are correlation and covariance.

Correlation:

Correlation is a statistical measure that indicates the extent to which two or more variables fluctuate together. A positive correlation indicates the extent to which those variables increase or decrease in parallel; a …