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arima and xreg

Your model is close, but not correct... there are no t's on the parameters
and the U's aren't lagged.  

You can find an ARMAX example on our "quick fix" page:
http://www.stat.pitt.edu/stoffer/tsa2/R_time_series_quick_fix.htm .  The
example is near the bottom and just above the spectral analysis example, but
you may want to read the "regression with autocorrelated errors" first to
get some background.
Jose Capco wrote:
-----
The power of accurate observation is commonly called cynicism 
by those who have not got it.  George Bernard Shaw