The Scene is Set
Terence C. Mills · Palgrave Macmillan UK eBooks · 2011
16.1 The publication of Box and Jenkins’ book in 1970 represented a watershed in the development of time series analysis, for it provided a systematic framework for identifying, estimating and checking a range of models that have had a great impact on the practical modelling of time series, particularly for forecasting. This synthesis also provided the impetus for major theoretical developments which, when allied with rapidly increasing computing power and enhanced computational algorithms, opened up many new areas for empirical analysis. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.