Abstract
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.
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© 2011 Terence C. Mills
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Mills, T.C. (2011). The Scene is Set. In: The Foundations of Modern Time Series Analysis. Palgrave Advanced Texts in Econometrics series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230305021_16
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DOI: https://doi.org/10.1057/9780230305021_16
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-33135-2
Online ISBN: 978-0-230-30502-1
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