Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

AR 1 Analysis of data for an autoregressive forecasting model has produced the following tables. df SS MS F P -value Regression 2 135753.5 67876.76

AR 1

Analysis of data for an autoregressive forecasting model has produced the following tables.

df

SS

MS

F

P-value

Regression

2

135753.5

67876.76

107.3336

0.0000019

Residual

43

27192.79

632.3904

Total

45

162946.3

Coefficients

Standard Error

t-Statistic

P-value

Intercept

4.85094

5.745787

0.84426

0.40299

yt - 1

-0.10434

0.062849

-1.66023

0.103822

yt - 2

0.962669

0.065709

14.65044

0.0000000969

The actual values of this time series y were 228 for May, 54 for June and 191 for July. The predicted (forecast) value for August is:

Select one:

a.

36.91

b.

174.41

c.

218.71

d.

83.67

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Precalculus With Limits

Authors: Ron Larson

3rd Edition

1285607163, 9781285607160

More Books

Students also viewed these Mathematics questions

Question

Am I expecting too much from other people?

Answered: 1 week ago

Question

How to find if any no. is divisble by 4 or not ?

Answered: 1 week ago

Question

2. How do I perform this role?

Answered: 1 week ago