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Vector Error Correction Model (VECM)×ARIMA model×
VakgebiedEconometrieEconometrie
FamilieRegression modelRegression model
Jaar van ontstaan19871970
GrondleggerRobert F. Engle and Clive W. J. GrangerGeorge Box and Gwilym Jenkins
TypeMultivariate time-series modelTime series forecasting model
Oorspronkelijke bronEngle, R. F., & Granger, C. W. J. (1987). Co-integration and error correction: Representation, estimation, and testing. Econometrica, 55(2), 251–276. DOI ↗Box, G. E. P., & Jenkins, G. M. (1970). Time Series Analysis: Forecasting and Control. Holden-Day. link ↗
AliassenVECM, error correction VAR, cointegrated VAR, vector equilibrium correction modelARIMA, Box-Jenkins model, integrated ARMA, ARIMA(p,d,q)
Verwant56
SamenvattingThe Vector Error Correction Model extends the Vector Autoregression (VAR) framework to a system of variables that share one or more long-run equilibrium relationships. It jointly models short-run dynamics and the speed at which each variable corrects back toward equilibrium after a shock, making it the standard tool for analysing cointegrated multivariate time series.The ARIMA(p,d,q) model is the standard workhorse for univariate time series forecasting. It combines autoregressive terms (past values), differencing to induce stationarity, and moving average terms (past shocks) into a unified linear framework. Developed by Box and Jenkins (1970), it remains one of the most widely applied models in econometrics and applied statistics.
ScholarGateGegevensset
  1. v1
  2. 2 Bronnen
  3. PUBLISHED
  1. v1
  2. 2 Bronnen
  3. PUBLISHED

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ScholarGateMethoden vergelijken: Vector Error Correction Model · ARIMA model. Geraadpleegd op 2026-06-15 via https://scholargate.app/nl/compare