What Does ARIMAX Stand For?

ARIMAX stands for Auto Regressive Integrated Moving Average With Exogeneous Input Model

ARIMAX, or Auto Regressive Integrated Moving Average With Exogenous Input Model, is a statistical forecasting method that extends the ARIMA model by incorporating external variables, known as exogenous inputs. This approach allows for the analysis and prediction of time series data while considering the influence of external factors, providing a more comprehensive understanding of the underlying patterns and trends. ARIMAX is widely used in various fields, including economics and finance, for its effectiveness in modeling complex time-dependent data.