6  Time series

Read chapter 9, “ARIMA models” of Forecasting: Principles and Practice.

NoteExercise

Download the monthly temperature time series data from Klimadashboard Münster (raw file).

  • read the file in R
  • convert it into a ts time series object; deal with the gap in WW2
  • compute the acf and pacf
  • decompose the data into a trend, periodic and residual
  • compute the trend in monthly mean temperature over the last 20 years
  • create a forecast for jul 2050