An Application of Integrative Approach of Time Based Data – Application of ARIMA Model for Dairy Sector of Gujarat State

Vol-3 | Issue-06 | June 2018 | Published Online: 19 June 2018    PDF ( 201 KB )
Author(s)
Samir B. Pandya 1; Dr. C. D. Bhavsar 2

1Research Scholar, Statistics, A. A. Patel Commerce College, Gandhinagar, Gujarat (India)

2Research Guide, Professor, Department of Statistics, Gujarat University, Ahmedabad, Gujarat (India)

Abstract

Time is the factor which affects the entire planet. Adequacy to the relevant changes according to the time dilemma can be maintained and forecasting for the stated data used for future glimpses. This research is presented with the integrated impact of autoregressive and moving average based to the exogenous variables to the X specified vectors. The relevancy of the time matrix to the dependent and independent study is derived. The ARIMAX is applied to the dairy sector data of Gujarat state. The predicted model can result out for future prediction or estimations of each of the parameter.

Keywords
Time Series Analysis, ARIMAX model, Exogenous variables
Statistics
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