A second-order autoregressive model for the apple prices (for all 4 years of data) is Dependent variable

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A second-order autoregressive model for the apple prices (for all 4 years of data) is Dependent variable is: Apples R squared = 78.1% R squared (adjusted) = 71.9%

s = 0.0574 with 10 - 3 = 7 degrees of freedom Variable Coefficient SE(Coeff) t-ratio P-value Intercept 0.327717 0.1881 1.74 0.1250 Lag18Apples9 1.32814 0.3114 4.27 0.0037 Lag28Apples9 -0.634127 0.2959 -2.14 0.0693 Using the 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: 9781292269313

4th Global Edition

Authors: Norean Sharpe, Richard De Veaux, Paul Velleman

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