Learn how ARIMA models use time series data for accurate short-term forecasting. Discover its pros, cons, and essential tips ...

This article works through the ARIMA method to time series forecasting with respect to WTI crude oil prices.

The ARIMA statement applies the X-11-ARIMA method to the series specified in the VAR statement. This method uses an ARIMA model estimated from the original data to extend the series one or more years.

João Luiz Maurity Saboia, Autoregressive Integrated Moving Average (ARIMA) Models for Birth Forecasting, Journal of the American Statistical Association, Vol. 72, No. 358 (Jun., 1977), pp. 264-270 ...