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The data below show the volume of transactions(in hundreds ofthousands) in shares of a corporation over a period of 12 weeks. Using thesedata, estimate afirst-order
The data below show the volume of transactions(in hundreds ofthousands) in shares of a corporation over a period of 12 weeks. Using thesedata, estimate afirst-order autoregressivemodel, and use the fitted model to obtain forecasts of volume for the next 3 weeks.
Week Trading Volume
1 29.9
2 11.2
3 11.3
4 18.2
5 19.7
6 19.7
7 12.2
8 22.0
9 21.0
10 19.6
11 24.1
12 21.9
The estimatedfirst-order autoregressive model is
xt= 19.37+ (-0.06)xt-1
Calculate
x13=
x14=
x15=
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