Presenter: Meghna Sinha Ray | Mentor: Parush Arora | Access Link to the Presentation files
In this presentation basics of time series analysis and different kinds of stochastic processes were discussed. Since selecting among Difference Stationary and Trend Stationary models is crucial for forecast model, this makes unit root tests an important and extensive field of diagnostic tools. Unit root, ie non-stationarity in various macroeconomic series using UK data were also checked.
Picture source: Investopedia.com