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Comment on the dynamics of the residual (i.e., showing pattern of serial correlation or not). 600 400 200 0 -200 -400 -600 M 1975 1980

Comment on the dynamics of the residual (i.e., showing pattern of serial correlation or not).

600 400 200 0 -200 -400 -600 M 1975 1980 1985 1990 1995 2000 2005 2010 Residual Actual Fitted -2,400 -2,000 -1,600 1,200 -800 400

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