FILE Consider the follow ing portion of data on y and x that appears on the text

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FILE Consider the follow ing portion of data on y and x that appears on the text website, labeled Exercise 18.36.

t y x 1 56.96 9,171.61 2 57.28 9,286.56

⋮ ⋮ ⋮

12 51.99 9,217.94

a. Estimate y1, = ß0 + ß1 Xt- + єt.

b. Estimate yt = ß0 + ß1yt-1 + є t

c. Estimate yt = ß0 + ß1Xt-1 + ß2yt-1 + єt

d. Use the most suitable model to make a one-step-ahead forecast (t = 13) for y.

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Business Statistics Communicating With Numbers

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FILE Consider the follow ing portion of data on y and x that appears on the text

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Business Statistics Communicating With Numbers

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