Model Components

The following components are listed by their respective models.

ARIMA

A model from the ARIMA model family might comprise the following components. Input variables, such as independent variables, eventsan incident that disrupts the normal flow of any process that generates the time series. Examples of events are holidays, retail promotions, and natural disasters., or outliers, can also be listed as components if they are included in the model.

MU

specifies the constant term component of the ARIMA model.

STATIONARY

specifies the filtered noise component of the ARIMA model.

Y

specifies the component that corresponds to the dependent variable’s contribution to the ARIMA model.

ESM

A model from the ESM model family might comprise the following components.

LEVEL

specifies the level component of the ESM.

TREND

specifies the trend component of the ESM.

SEASON

specifies the seasonal component of the ESM.

IDM

A model from the IDM model family might comprise the following components.

AVERAGEDEMAND

specifies the average demand component of the IDM.