Significant residuals from an ARIMA model indicate that the

Significant residuals from an ARIMA model indicate that the model did not explain the trend, cycle and seasonality of the data series and the model is unreliable in forecasting. true or false

Solution

This is the false statement.

Residuals from an ARIMA model indicates the model explain the trend,cycle and seasonality of the data series and the model is unreliable in forecasting.