Explain-simulate a random process


Consider the following questions:

Question 1: Simulate a completely random process of length 48 with independent, normal values. Plot the time series plot. Does it look "random"? Repeat this exercise several times with a new simulation each time.

Question 2: Simulate a completely random process of length 48 with independent, t-distributed values each with 5 degrees of freedom. Construct the time series plot. Does it look "random" and nonnormal? Repeat this exercise several times with a new simulation each time.

 

Solution Preview :

Prepared by a verified Expert
Basic Statistics: Explain-simulate a random process
Reference No:- TGS01901110

Now Priced at $20 (50% Discount)

Recommended (98%)

Rated (4.3/5)