Autocorrelation, Advanced Statistics

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This graph for Cross Correlation Function for RES1, RES1 shows that there is possibly negative autocorrelation as there are alternating spikes; also the first spike is negative which indicates that is likely to be negative autocorrelation. The graph shows lag 0 at a cross correlation value of 1 and this will always be the case with any data sets.

555_Autocorrelation.png

The graph for Autocorrelation Function for RES1 shows that there is no autocorrelation even though there are alternating spikes because they fall inside the 5% significance level. There are no significant spikes since all the spikes fall into the 5% significance limits for the autocorrelation. The graph also reveals that there is no first order autocorrelation, as the first spike does not fall outside the 5% significance limits.


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