A random walk process - IHMC Sample Knowledge …
A random walk process A simple random walk model A random walk is de ned as a process where the current value of a variable is composed of the past value
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Components of a time series - IHMC Sample Knowledge …
cmapskm.ihmc.usComponents of a time series Any time series can contain some or all of the following components: 1. Trend (T) 2. Cyclical (C) 3. Seasonal (S) 4. Irregular (I) These components may be combined in di erent ways. It is usually assumed that they are multiplied or added, i.e., y t= T C S I y t= T+ C+ S+ I
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