Dear,
What are the strengths of UCM model over ESM and ARIMA models?
When we should use UCM or ARIMAX/ARIMA ?
I want to know strengths and weakness of each type of model family?
Hello -
You may want to have a look at this white paper as a start: https://support.sas.com/rnd/app/ets/papers/largescale.pdf.
There are many books on statistical forecasting models available, which try to address the questions you are asking.
Some of them are available for free, such as https://www.otexts.org/fpp
Hope this is useful.
Thanks,
Udo
Hello -
You may want to have a look at this white paper as a start: https://support.sas.com/rnd/app/ets/papers/largescale.pdf.
There are many books on statistical forecasting models available, which try to address the questions you are asking.
Some of them are available for free, such as https://www.otexts.org/fpp
Hope this is useful.
Thanks,
Udo
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