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Questions that seek a conceptual or non-mathematical understanding of statistics.
0
votes
Explaining multicollinearity in layman's terms
This may be too layme ...
In layman's terms "too many cooks (input series) can spoil the broth"
1
vote
Visual explanation of forecasting algorithm
Since the amount of time required to deaal with incoming work may be dependent on the existing amount of work or memory in the arrival of older work , one might want to quantify that. Unusual values o …
-3
votes
Seeking certain type of ARIMA explanation
An ARIMA model is simply a weighted average. It answers the double question;
How many period (k )should I use to compute a weighted average
and
Precisely what are the k weights
It answers th …
33
votes
Seeking certain type of ARIMA explanation
I will try and respond to the gentle urging of whuber to simply “respond to the question” and stay on topic. We are given 144 monthly readings of a series called “The Airline Series” . Box and Jenkins …