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Assume that you choose to fit an AR(1) model. The output obtained from statistical software is displayed below. Term Estimate Std. Error Intercept 11.77 9.372

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Assume that you choose to fit an AR(1) model. The output obtained from statistical software is displayed below. Term Estimate Std. Error Intercept 11.77 9.372 Lag1 0.99 0.007 The price of gold was $1,196.325 on December 31, 2014. Predict the price of gold on January 1, 2015: O A. $1,196.132 O B. $1,196.325 O C. $1,208.095 O D. None of the answers is correct. QUESTION 27

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