Refer to the data given in Problem 16.12 on page 681 that represent the number of stores

Question:

Refer to the data given in Problem 16.12 on page 681 that represent the number of stores open for Bed Bath & Beyond from 1993 through 2010 (stored in Bed & Bath).
a. Fit a third-order autoregressive model to the number of stores and test for the significance of the third-order autoregressive parameter. (Use α = 0.05.)
b. If necessary, fit a second-order autoregressive model to the number of stores and test for the significance of the second-order autoregressive parameter. (Use α = 0.05.)
c. If necessary, fit a first-order autoregressive model to the number of stores and test for the significance of the first-order autoregressive parameter. (Use α = 0.05.)
d. If appropriate, forecast the number of stores open in 2011 and 2012.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Basic Business Statistics Concepts And Applications

ISBN: 9780132168380

12th Edition

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

Question Posted: