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For a certain product it was found that annual sales volume could be well described by a third-order autoregressive model. The estimated model is shown
For a certain product it was found that annual sales volume could be well described by a third-order autoregressive model. The estimated model is shown below. xt=199+1.30xt10.54xt2+0.08xt3+t For 1990,1991 , and 1992, sales were 861,942 , and 1,031, respectively. Calculate sales forecasts for the years 1993 through 1995. x^1993=(Roundtoonedecimalplaceasneeded.)
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