Time Series Analysis: Method and Substance Introductory Workshop on Time Series Analysis

Comparing Models

• The ARMA(1,1) has a lower AIC than the AR(1), although the BIC is higher.
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• Model | Obs ll(null) ll(model) df AIC BIC
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• m1 | 319 . -915.1457 3 1836.291 1847.587
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• Model | Obs ll(null) ll(model) df AIC BIC
• -------------+---------------------------------------------------------------
• m2 | 319 . -913.2023 4 1834.405 1849.465
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