Question

Simulate a completely random process of length 48 with independent, normal values. Plot the time series plot. Does it look "random"? Repeat this exercise several times with a new simulation each time

Answer 1

Yes

Step-by-step explanation:

Go to MS Excel and type in the following formula

=NORMINV(RAND(),0,1)

This will generate a random simulation. here 0 and 1 are mean and standard deviation respectively. Keeping them 0 and 1 implicitly generates an independent normal simulation. Then press F9 to repeat the exercise as many times as u like