Using the data file Product Sales, estimate autoregressive models of orders 14 for product sales. Using the

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Using the data file Product Sales, estimate autoregressive models of orders 1–4 for product sales. Using the procedure of Section 16.4 for testing the hypothesis that the autoregressive order is p - 1 against the alternative that the order is p, with a significance level of 10%, choose one of these models.

Compute forecasts for the next 3 years from the chosen model.

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Statistics For Business And Economics

ISBN: 9781292436845

10th Global Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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