Solved: Explain-partial autocorrelation function, Basic Statistics

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Explain-partial autocorrelation function

Discussion: Autocorrelation Function (ACF) and Partial Autocorrelation Function (PACF)

The instructor has "covered" Autocorrelation Function (ACF) and Partial Autocorrelation Function (PACF), but I have not yet grasped a full understanding. Could you give me a cursory explanation now? I do know how to call up the ACF and PACF graphs but her explanation of how to use them and what they mean was not very clear.

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