Question
Please upload the answers with excel form Consider the real GDP data, denoted by Yt , in the Excel file ECS - TimeSeries. Select the
Please upload the answers with excel form
Consider the real GDP data, denoted by Yt , in the Excel file "ECS - TimeSeries". Select the optimal lag length for the GDP process up to the AR(5) model using the data from 1950 to 2018, and use the selected model to estimate the real GDP in year 2019. Then find out the forecast error according to the data in 2019.
| countrycode | country | currency_unit | year | Yt |
| CAN | Canada | Canadian Dollar | 1950 | 170756.3125 |
| CAN | Canada | Canadian Dollar | 1951 | 177143.0938 |
| CAN | Canada | Canadian Dollar | 1952 | 193714.7813 |
| CAN | Canada | Canadian Dollar | 1953 | 203463.1094 |
| CAN | Canada | Canadian Dollar | 1954 | 202076.0625 |
| CAN | Canada | Canadian Dollar | 1955 | 221434.25 |
| CAN | Canada | Canadian Dollar | 1956 | 240490.1563 |
| CAN | Canada | Canadian Dollar | 1957 | 244851.3281 |
| CAN | Canada | Canadian Dollar | 1958 | 249241.3281 |
| CAN | Canada | Canadian Dollar | 1959 | 260682.5 |
| CAN | Canada | Canadian Dollar | 1960 | 268921.7813 |
| CAN | Canada | Canadian Dollar | 1961 | 278586.4688 |
| CAN | Canada | Canadian Dollar | 1962 | 296021.1563 |
| CAN | Canada | Canadian Dollar | 1963 | 310652.125 |
| CAN | Canada | Canadian Dollar | 1964 | 332332.375 |
| CAN | Canada | Canadian Dollar | 1965 | 354861.5938 |
| CAN | Canada | Canadian Dollar | 1966 | 378259.625 |
| CAN | Canada | Canadian Dollar | 1967 | 389247.5938 |
| CAN | Canada | Canadian Dollar | 1968 | 407149.875 |
| CAN | Canada | Canadian Dollar | 1969 | 427915.4375 |
| CAN | Canada | Canadian Dollar | 1970 | 437890.1563 |
| CAN | Canada | Canadian Dollar | 1971 | 459102.3438 |
| CAN | Canada | Canadian Dollar | 1972 | 487027.2188 |
| CAN | Canada | Canadian Dollar | 1973 | 529249.5 |
| CAN | Canada | Canadian Dollar | 1974 | 559392.1875 |
| CAN | Canada | Canadian Dollar | 1975 | 565140.5 |
| CAN | Canada | Canadian Dollar | 1976 | 600391.8125 |
| CAN | Canada | Canadian Dollar | 1977 | 613608 |
| CAN | Canada | Canadian Dollar | 1978 | 631335.9375 |
| CAN | Canada | Canadian Dollar | 1979 | 664797.25 |
| CAN | Canada | Canadian Dollar | 1980 | 676189.875 |
| CAN | Canada | Canadian Dollar | 1981 | 693843.625 |
| CAN | Canada | Canadian Dollar | 1982 | 665228.4375 |
| CAN | Canada | Canadian Dollar | 1983 | 690259.6875 |
| CAN | Canada | Canadian Dollar | 1984 | 736258.4375 |
| CAN | Canada | Canadian Dollar | 1985 | 777071.5 |
| CAN | Canada | Canadian Dollar | 1986 | 791508.25 |
| CAN | Canada | Canadian Dollar | 1987 | 837235.8125 |
| CAN | Canada | Canadian Dollar | 1988 | 886933.375 |
| CAN | Canada | Canadian Dollar | 1989 | 918179.9375 |
| CAN | Canada | Canadian Dollar | 1990 | 915724.6875 |
| CAN | Canada | Canadian Dollar | 1991 | 893206.4375 |
| CAN | Canada | Canadian Dollar | 1992 | 901133.75 |
| CAN | Canada | Canadian Dollar | 1993 | 928149.25 |
| CAN | Canada | Canadian Dollar | 1994 | 979112.6875 |
| CAN | Canada | Canadian Dollar | 1995 | 1023227.563 |
| CAN | Canada | Canadian Dollar | 1996 | 1053691.25 |
| CAN | Canada | Canadian Dollar | 1997 | 1106804.875 |
| CAN | Canada | Canadian Dollar | 1998 | 1136820.125 |
| CAN | Canada | Canadian Dollar | 1999 | 1208894.125 |
| CAN | Canada | Canadian Dollar | 2000 | 1276875.5 |
| CAN | Canada | Canadian Dollar | 2001 | 1272416.75 |
| CAN | Canada | Canadian Dollar | 2002 | 1278943 |
| CAN | Canada | Canadian Dollar | 2003 | 1320633.5 |
| CAN | Canada | Canadian Dollar | 2004 | 1377227.5 |
| CAN | Canada | Canadian Dollar | 2005 | 1436814.125 |
| CAN | Canada | Canadian Dollar | 2006 | 1459523.25 |
| CAN | Canada | Canadian Dollar | 2007 | 1483753.5 |
| CAN | Canada | Canadian Dollar | 2008 | 1500647.875 |
| CAN | Canada | Canadian Dollar | 2009 | 1408601.375 |
| CAN | Canada | Canadian Dollar | 2010 | 1483011.5 |
| CAN | Canada | Canadian Dollar | 2011 | 1552403.5 |
| CAN | Canada | Canadian Dollar | 2012 | 1575739.75 |
| CAN | Canada | Canadian Dollar | 2013 | 1647212.125 |
| CAN | Canada | Canadian Dollar | 2014 | 1685110.5 |
| CAN | Canada | Canadian Dollar | 2015 | 1659691.75 |
| CAN | Canada | Canadian Dollar | 2016 | 1683513.5 |
| CAN | Canada | Canadian Dollar | 2017 | 1771272.75 |
| CAN | Canada | Canadian Dollar | 2018 | 1815590.75 |
| CAN | Canada | Canadian Dollar | 2019 | 1846581.125 |
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
