What is ARIMA used for?

ARIMA is an acronym for “autoregressive integrated moving average.” It’s a model used in statistics and econometrics to measure events that happen over a period of time . The model is used to understand past data or predict future data in a series.

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What is ARIMA model in python?

ARIMA, abbreviated for ‘Auto Regressive Integrated Moving Average’, is a class of models that ‘demonstrates’ a given time series based on its previous values : its lags and the lagged errors in forecasting, so that equation can be utilized in order to forecast future values.

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