________________________ is said to occur when the variance of the unobservable error , conditional

on independent variables, is not Constant. Heteroskedasticity

The Partial Auto Correlation Function is useful in detecting the Order of AR process.T

An Ideal ACF plot will increase exponentially ?F

What is the outcome of Model Fitting process for Auto Regression ?Determining the Coefficient

What is the property of White Noise in an Auto Regression Equation ?It has zero mean and unit standard
deviation.

Partial Auto Correlation is also known as _____________ Conditional Correlation

What do you get when you divide Auto Covariace of a Time Series by the Variance value ?Auto
Correlation Function

The Auto Regression model can be represented as a Moving Average infinity model.T

Non Stationary Time series will have a declining effect ?F

What is the term used to quantify the relationship between the current value and previous values in a
time series known as ?Auto Correlation Function

What is the process followed to make a specific metric unitless known as ?Normalization

You take a time series and determine the characteristic equation. You find the roots and conclude that
they lie within the unit circle. What can you say about the Time Series ?It is Stationary

What can we say about the time series when the inverse of the lag function converges to zero ?It is
Stationary

The Auto Correlation Function is Unitless.T

The coefficient for the residual error terms can be negative for a time series.T

If there is no decay in the ACF values for any number of lags , what can you say about the time series
.Non Stationary

A model that is efficient and simple is known as ?Parsimonious Model

Exponential smoothing models can be considered as ARIMA models ?T

Time series is a linear combination of white noise process. This is a representation of Static Average
Model
AR , MA and ARMA models can handle non-stationary time series data ?F

My time series model is predicting well for the available data but not predicting accurately for new data.
What problem might I have encountered ?Over-fitting

ARIMA (1,0,0) is equivalent to _____________AR Model

ARIMA (0,1,0) is equivalent to Random Walk Model

ARIMA (0,0,1) is equivalent to _____________MA Model

ARIMA (1,0,1) is equivalent to _____________ARMA Model

In an ARMA(p,q) series , what do p and q represent ?Lag Terms

If the ACF follows a geometric decay and the PACF is significant till lag (p) what process does the time
series follow ?AR(p)

For an ARMA process __________________ACF and PACF show a geometrically declining trend

In a time series , the rate of decay will decide the value of the coefficient terms.T

How will you make a non-stationary time series to stationary ?Taking Difference between time Series and
its Lag

For MA(2) process , the Auto Correlation value for the first two lags will be non zero.T

What is the mechanism used to choose optimal p and q for an ARMA model ?Residual Sum of Squares

_______________________ is a form of Auto Regressive model where the coefficient of first lag is 1
.Random Walk Model

For a moving average model , the expectation of the dependent variable is ______________ .

Constant

What methodology can be used for Estimating the coefficients in a Time Series Model ?

OLS and ML

Structural Models have a time component.F

In exponential smoothing , the weights assigned to lag values should __________________ over
time .Stay Constant

What does a p order vector auto regressive process generalize ?n variables AR(p) process to 1 variable

What are serially uncorrelated vectors which have variance between 0 and a finite value ?stochastic
innovations