| Abstract: | ABSTRACT: Alternative approaches suggested for modeling multiseries of water resources systems are reviewed and compared. Most approaches fall within the general framework of multivariate ARMA models. Formal modeling procedures suggest a three-stage iterative process, namely: model identification, parameter estimation and diagnostic checks. Although a number of statistical tools are already available to follow such modeling process, in general, it is not an easy task, especially if high order vector ARMA models are used. However, simpler ARMA models such as the contemporaneous and the transfer-function models may be sufficient for most applications in water resources. Two examples of modeling bivariate and trivariate streamflow series are included. Alternative modeling procedures are used and compared by using data generation techniques. The results obtained suggest that low order models, as well as contemporaneous ARMA models, reproduce quite well the main statistical characteristics of the time series analyzed. It is assumed that the same conclusions apply for most water resources time series. |
