Find the most appropriate ARMA(p,q) model to the monthly average wind speed data(from Jan 1984 to...

Find the most appropriate ARMA(p,q) model to the monthly average wind speed data(from Jan 1984 to Mar 2020) and predict the next nine numbers by using R. Your analysis should include stationarity checking, model identification, parameter estimation, model diagnostics, and forecasting procedures.

5.4
9.2
9.2
11.6
9.8
8.7
8.3
8.9
8.1
7.4
9.6
6.9
5.1
8.3
9.4
8.7
8.9
9.6
8.3
8.7
8.5
8.5
7.8
5.4
6.7
8.9
9.6
9.8
9.6
8.7
8.1
7.8
7.2
6.3
7.4
4.7
7.6
7.4
9.8
9.2
8.1
8.5
8.5
7.6
7.4
6.5
6.7
8.9
6.5
6.9
9.4
8.9
9.4
8.7
7.6
7.2
7.4
6.3
8.9
6.5
7.2
5.8
9.4
8.3
8.9
8.5
7.8
7.8
7.4
7.4
6
4.9
8.1
8.9
8.7
8.1
9.4
8.3
8.1
8.1
7.4
8.5
7.6
6.7
5.6
5.8
8.3
8.1
8.9
8.5
8.1
7.8
7.8
8.1
7.6
6.3
6.9
7.6
7.4
8.9
9.6
9.4
8.5
8.5
8.7
8.1
8.5
10.3
8.5
7.8
8.5
9.2
9.8
9.4
9.6
8.1
7.8
7.2
7.6
8.3
6.3
9.2
9.4
9.8
8.5
8.7
8.9
8.3
7.8
8.3
9.4
7.4
9.2
7.2
9.2
9.4
7.6
8.7
8.3
7.6
7.8
7.4
6
6.7
7.2
8.5
8.9
8.7
8.1
7.8
7.2
7.8
7.2
6.9
6.5
10.1
6.3
6.9
9.8
9.4
7.6
8.1
7.2
7.4
7.2
8.3
6.9
6.5
8.5
10.3
8.1
7.6
7.4
8.1
7.4
6.7
6.5
7.4
8.1
6.9
7.2
10.5
8.9
9.2
8.7
8.3
7.4
7.4
7.6
7.4
7.2
5.8
6.9
8.3
8.7
8.3
8.1
8.3
7.2
7.4
7.2
6.9
5.6
6.3
4.3
6
8.7
7.4
8.7
8.3
6.9
6.7
7.2
7.4
7.8
8.3
7.2
8.1
8.3
8.7
8.5
8.1
7.4
7.6
6.7
6.5
6
8.5
6
7.2
8.7
8.5
7.2
8.1
6.5
6.9
7.6
6.7
6.7
8.7
5.8
8.9
8.1
8.5
6.9
8.1
7.2
6.9
7.4
6.9
5.6
6.5
6
5.6
8.5
9.2
8.1
8.3
8.3
7.4
6.5
6.7
6.7
6.5
8.7
7.8
10.1
9.2
7.8
7.6
7.4
7.2
7.2
6.7
9.2
7.2
6
6.5
7.6
8.1
8.3
7.8
6.5
6.3
7.4
7.6
5.8
7.8
8.1
7.8
8.1
8.9
8.5
7.6
6.9
7.2
5.8
6
4.9
6.9
5.4
7.2
8.1
8.7
7.2
6.5
6.7
6.3
7.2
6.7
7.2
5.6
6.9
5.8
8.9
8.7
8.5
7.8
6.9
7.2
6.3
6.3
7.2
6.7
5.1
7.2
8.9
8.5
9.6
7.6
7.2
6.5
6
5.6
7.6
4.9
6.7
7.4
10.1
7.8
7.4
7.8
6.9
5.8
5.6
6
6.7
8.3
4
7.2
7.2
9.4
8.5
7.4
6.5
6
7.8
6
4.5
4
4.3
6.9
8.3
7.8
8.1
7.8
6.7
6.7
6.5
6.5
5.6
6.9
3.6
6.5
6.9
8.5
7.4
6.9
6.7
7.2
5.4
5.8
7.4
8.9
6.3
6.5
8.9
8.7
7.8
7.8
6.9
6.9
7.2
7.8
7.8
6
5.8
9.4
9.6
9.6
8.7
7.8
6.5
6.7
6.5
6.7
8.3
5.4
6.7
7.8
8.7
9.2
7.2
8.3
7.2
6.9
6.3
6.3
5.8
7.6
6.7
9.2
7.4
9.2
7.6
7.6
6.9
6.7
6.7
7.2
5.1
6.5
7.6
7.8
7.4

Expert Solution

Using R Programming Time Series Analysis:

orchestra answered 1 year ago

A company manufactures two products, P and Q. Monthly data relating to production and sales are...

A company manufactures two products, P and Q. Monthly data relating to production and sales are as follows. Product P Product Q Direct materisl cost per unit $40 $50 Direct labor hours per unit 2 hours 4 hours Direct labor cost per unit $50 $100 Sales demand 200 units 900 units Production overheads are $200,000 each month and are absorbed on a direct labor hour basis. There are five main areas of activity that can be said to consume overhead...

3)A random variable X~N(0,1). Find the value of q from the Normal Table such that P(X≤q)=0.2624....

3)A random variable X~N(0,1). Find the value of q from the Normal Table such that P(X≤q)=0.2624. (Round the result to 2 decimal places.) 4) A random variable X~N(0.11,0. 682 ). Find the probability P(X≤-0.98). (Round the result to 2 decimal places.) 5) A random variable T has t-distribution with degree of freedom 23. Find the t such that P(T≥t)=0.15. (Round the result to 4 decimal places.)

Using the data from boston_housing.xls (accessible online) a.) do the appropriate multiple linear regression model procedures...

Using the data from boston_housing.xls (accessible online) a.) do the appropriate multiple linear regression model procedures to obtain a final model

1 - Please use 3 years monthly return data from Apple stock to find the arithmetic...

1 - Please use 3 years monthly return data from Apple stock to find the arithmetic and geometric average rate of return of this stock, total risk of this stock, and the normal distribution of this stock returns. 2 - Based on the beta information, please use an appropriate model to decide if this stock is overpriced or underpriced. You can take 3 years average rate of return as the expected rate of return, the 3 years average rate of...

Find each probability P(X; λ) using Table C in Appendix A. a. P(10; 7) b. P(9; 8) c. P(3; 4) Data from in Table C Appendix A

Find each probability P(X; λ) using Table C in Appendix A.a. P(10; 7)b. P(9; 8)c. P(3; 4) Data from in Table C Appendix A

Find each probability P(X; λ), using Table C in Appendix A. a. P(5; 4) b. P(2; 4) c. P(6; 3) Data from in Table C Appendix A

Find each probability P(X; λ), using Table C in Appendix A.a. P(5; 4)b. P(2; 4)c. P(6; 3)Data from in Table C Appendix A

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