A second-order autoregressive model for the gas prices is: Using values from the table, what is the

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A second-order autoregressive model for the gas prices is:

Using values from the table, what is the predicted value for January 2007 (the value just past those given in the table)?

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Business Statistics

ISBN: 9780321925831

3rd Edition

Authors: Norean Sharpe, Richard Veaux, Paul Velleman

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Question Posted: May 15, 2015 06:31 AM

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A second-order autoregressive model for the gas prices is: Using values from the table, what is the

Question:

Dependent variable is: Gas R squared= 82.2% R squared (adjusted)-77.1% s 0.1498 with 10 3 7 degrees of freedom Variable Coefficient SE(Coeff) t-ratio P-value Intercept 1.28207 .4644 Lagi Gas) 1.31432 0.2383 Lag2(Gas)-0.788250 0.2457 3.21 0.0149 2.76 0.0281 5.51 0.0009

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