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I have collected the data of property rates in and around the Pune city for the last 15 years.Now i need to forecast the property rates in coming future. For that i will be using property rates as dependent variable and independent variable like presence of hospitals schools highways in those particular area. so according to you which forecasting method is suitable..?? shall i go for ARIMA models..???
Yes, you should go for ARIMA as it is the only model for time series in XLSTAT that takes account the influence of covariates other than time.
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