2. The standard errors of the coecients are incorrect when there are autocorrelations in the errors. They

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2. The standard errors of the coe±cients are incorrect when there are autocorrelations in the errors. They are most likely too small. This also invalidates the t-tests and F-test and predic-

tion intervals.

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Forecasting Methods And Applications

ISBN: 9780471532330

3rd Edition

Authors: Spyros G. Makridakis, Steven C. Wheelwright, Rob J Hyndman

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