Hey everyone,
I'm trying to figure out if there is significant correlation between two non stationary time series (e.g. temperature on a a given day and icecream sales). Could someone please propose a method. There are so many different methods i read about online im not sure which to go with. Could someone explain if monte carlo method would work and how.
Also I would like to do regression analysis on the time series. i.e. figure out how much one variable will change in response to changing the other variable.
Thanks so much in advance!
I'm trying to figure out if there is significant correlation between two non stationary time series (e.g. temperature on a a given day and icecream sales). Could someone please propose a method. There are so many different methods i read about online im not sure which to go with. Could someone explain if monte carlo method would work and how.
Also I would like to do regression analysis on the time series. i.e. figure out how much one variable will change in response to changing the other variable.
Thanks so much in advance!