Step: 0 / 50
The red curve shows the distribution of innovation ε(t). The blue dashed line shows the process of drawing the next point.
Blue arrow: AR part effect (φ)
Green arrow: MA part effect (θ)
Cumulative process: random walk with ARMA(1,1) innovations
Non-cumulative process: pure ARMA(1,1) with mean reversion
φ = θ = 0: white noise (independent innovations)
φ > 0: positive autocorrelation (trend persistence)
φ < 0: negative autocorrelation (oscillations)