7) Suggest an appropriate specification of ARMA model for the data, for which thefollowing results were provided to you by Matlab. Justify your choice – explain it. Writethe general form of the ARMA model with the values (orders of the AR and MA part)that you have suggested.Sample Autocorrelation FunctionSample Partial Autocorrelation Function0.80.80.60.60.40.40.20.2-02-02-04-0.4101214161820101520LagLagAnd the BIC matrix (BIC values for models of orders (0,0) to (3,3)) is the following one:BIC =1.0е-03 *3.4214 2.9690 2.8886 2.89393.0126 2.9112 2.8948 2.89772.8597 2.8627 2.8694 2.87622.8527 2.86952.8731 2.8800Sample AutocorrelationSample Partial Autocorrelations

The objective is to identify the suitable ARMA model of order (p,q) using the given ACF and PACF…

Answered: 7) Suggest an appropriate specification…

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter7: Distance And Approximation

Section7.3: Least Squares Approximation

Problem 31EQ

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