Table 4.
Comparision of goodness of fit of 3 candidate models.
| ARIMA(1,1,1)(0,1,0)12 | ARIMA(1,1,1)(0,1,1)12 | ARIMA(1,1,1)(1,1,0)12 | |
|---|---|---|---|
| Log-likelihood | −12.42 | 1.97 | −1.97 |
| AIC | 30.85 | 4.07 | 11.93 |
| BIC | 38.87 | 14.76 | 22.63 |
Note. Both the AIC and BIC values of the ARIMA(1,1,1)(0,1,1)12 model were minimum.