Table 4: Comparision of goodness of fit of 3 candidate models.

ARIMA(1,1,1)(0,1,0)12ARIMA(1,1,1)(0,1,1)12ARIMA(1,1,1)(1,1,0)12

Log-likelihood−12.421.97−1.97
AIC30.854.0711.93
BIC38.8714.7622.63

Note. Both the AIC and BIC values of the ARIMA(1,1,1)(0,1,1)12 model were minimum.