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Consider the naive forecast strategy and its mathematical formulation yt=yt1+et. Use the 6 steps discussed in class to find the estimate of the standard deviation

Consider the naive forecast strategy and its mathematical formulation yt=yt1+et. Use the 6 steps discussed in class to find the estimate of the standard deviation of the 4-step ahead forecast error. What is the 95% confidence interval for the 4-step ahead forecast (you can use 1.96 as the critical value)? Show all your work, step-by-step.

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