M3 - Trend and Seasonality

Learning Objectives

The learning goals for this module are:

• Learn how to estimate and model a trend component;
• Learn how to estimate and model a seasonal component;
• Discuss the difference of deterministic and stochastic trend;
• Discuss stationarity tests to detect trend;
• Develop a script in R to identify and model trend and seasonal component.

Slides

Here is a link to the slide deck used in class.

Resources

Additional information and resources for this module will be found below.

• Time Series Analysis with Applications - Cryer and Shan - Chapter 3: Trends
  

• Additional readings on seasonal dummies

• Package Kendall Documentation

Deliverables

For this module you will complete Assignment 3. The due date for A03 is Friday Feb 10.