Editor's note: As the following article is a chapter (Chapter 8) from David Koenig's book, Practical Control Engineering: Guide for Engineers, Managers, and Practitioners (MATLAB Examples) (McGraw ...
When regression is performed on time series data, the errors may not be independent. Often errors are autocorrelated; that is, each error is correlated with the error ...
Autocorrelation has long been recognized as a natural phenomenon in process industries, where parameters such as temperature and pressure vary slowly relative to the rate at which they are measured.