TIME SERIES MODELING AND FORECASTING USING STOCHASTIC MODELS: A REVIEW

Time series modeling and forecasting has fundamental importance to various practical domains. Thus a lot of active research works is going on in this subject during severa l years. Many important models have been proposed in literature for improving the accuracy and effeciency of time series modeling and forecasting. The aim of this paper is to present a concise description of some popular time series modeling and forecastin g using stochastic models with their salient features.