I understood ARIMA but I have an issue with the seasonal component. Imagine we have daily data with weekly seasonality as shown in the screenshot.
If I fit an ARIMA(3,0,3)(3,0,3)7
and try to predict the point at t(36)
, then the non-seasonal components will use the red-marked values:
But regarding the seasonal component, will it go back 7 steps and then use 3 values (because P
and Q
are set to 3) and therefore use all the green marked values? Or is it going to simply use the last 3 points at t-7
, t-14
, and t-21
marked in orange (ignoring t-28
)?: