Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

THE PROVINCE IS NOVA SCOTIA, CANADA. You are required to download: a. One monthly series from your province with at least 121} observations. b. Dne

THE PROVINCE IS NOVA SCOTIA, CANADA.

image text in transcribed
You are required to download: a. One monthly series from your province with at least 121} observations. b. Dne quarterly series from your province with at least 40 observations. c. One annual series with at least 30 observations. Modeling and Forecasting. You are required to t three times series models to each series and choose the "best model based on the mean absolute deviation criteria W}. Report and discuss: a. The regression results for each model b. The in sample and out of sample MADs. c. Prepare time series graphs showing your in sample and out of sample time series. Discuss. Out of sample and in sample periods. 1. Two years for the monthly series t your models using all of your data excluding the last 24 months. 2. Four years for the quarterly series - t your models using all of your data excluding the last 16 quarters. 3. Five years for the annual series fit your models using all of your data excluding the last ve years. For your monthly and quarterly data you must choose a series that has a season pattern. That is, the series must be seasonally unadjusted MAD= Z |xr - xflfn 1 where xt is the actual value and xf is the forecasted value

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics

Authors: David Colander

7th Edition

0073402869, 9780073402864

More Books

Students also viewed these Economics questions