Stationary time series regression model |
1. |
Autoregressive model (AR) |
Present values explicated linearly based on previous values and present residuals |
2. |
Moving Average (MA) |
Present values of time series explicated linearly for previous values and the time series residuals |
3. |
Autoregressive Moving Average (ARMA) |
As a combination of AR and MA, present values of time series explicated linearly for current values but also previous and present residuals |
Non-stationary time series regression model |
4. |
Autoregressive Integrated Moving Average (ARIMA) |
Based on the ARMA model, but a differencing procedure transforming non-stationary data to stationary data |
5. |
Seasonal Autoregressive Integrated Moving Average (SARIMA) |
Based on the ARIMA model, but also includes seasonal differencing, in case of data has periodic patterns |