Question: Refer to the data given in problem 14.17 on page 566 that represent the number of overseas arrivals into Australia. a. Fit a first-order autoregressive

Refer to the data given in problem 14.17 on page 566 that represent the number of overseas arrivals into Australia.

a. Fit a first-order autoregressive model to the data and test for the significance of the first-order autoregressive parameter. (Use α 5 0.05.)

b. If appropriate, forecast arrivals for 2016 and 2017

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