5 ms·
AR(1) models are commonly employed to model time series, and the "same-as-yesterday" model is the case where the AR1 coefficient equals 1. There is is some mean
by Bostonian 7y ago
AR(1) models are commonly employed to model time series, and the "same-as-yesterday" model is the case where the AR1 coefficient equals 1. There is is some mean reversion in seasonally-adjusted temperature, so an AR1 coefficient less than 1 should work better.